News

PANTAMI UNVEILS NIGERIA AT 60 COMMEMORATIVE POSTAGE STAMPS AS DG NITDA CONGRATULATES NIPOST FOR THE FEAT

As the nation continues in the euphoria of attaining 60th independent anniversary, the Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, today, unveiled and launched two sets of postage stamps produced to commemorate the nation’s diamond jubilee.

The two sets of postage stamps comes in N100 and N500 denominations, designed with the Nigeria at 60 logo with expression of various indigenous musical instruments on it.
The Minister recalled that the production of the postage stamps was the idea of the Presidential Sub-committee on Diamond Innovation and Change which he headed during various events to mark the nation’s diamond jubilee anniversary.

He said; “We came up with about 11 items and this is the last one to be executed out of the items as part of our celebration and reflection.” He added that the postage stamp symbolizes the unity in the nation’s diversity.

“Our diversity supposed to be our source of strength and not weakness; it supposed to be our source of unity and not disunity. This is not just time for celebration but rather time for reflection and appreciation of our diversity”, he advised.

While acknowledging that Nigeria Postal Service, (NIPOST) has been facing challenges and constraints in carrying out its mandates particularly in regards to regulations, policies and financing, the minister disclosed that there are ongoing efforts at transforming the service for efficient service delivery.

He stated that part of the achievements the service have recorded in less than two years in the saddle as the minister include the resolution of the lingering issue on collection of stamp duty which has now been resolved in the 2020 Financial Act that recognised NIPOST as the producer of stamp duty in Nigeria.

“For the first time, the Finance Act 2020 recognized NIPOST as the producer of stamp duty in Nigeria and not only that, the stamp duty is to be used as authentication and validation. It is a clear indication that our efforts have yielded positive result,” the minister explained.
He listed other efforts at repositioning NIPOST to include; formulation of Rule Making policy that would ensure robust regulation and empower the service to make subsidiary legislations, unbundled of NIPOST into two companies-properties; a development company, and transport and logistics company.

“These are the two companies that are at the final stage and we do hope that we will come up with NIPOST microfinance bank. We will leverage on all the offices we have in the country to ensure that we provide service to our citizens and others,” he added.
Earlier in his welcome address, the Post Master General, Dr Ismail Adewusi noted that postage stamps are significant for promoting socio-political development of the country.
He stated that all national heroes of the country have been celebrated with the use of postage stamps and it won’t be out of place to commemorate the diamond jubilee with a postage stamp that would “enrich our historical values.”

He maintained that the idea behind the production of the postage stamps promote unity in the nation’s diversity and urged Nigerians to focus on ideals that unite them and shun every divisive tendency.

In his goodwill message, the Director General, National Information Technology Development Agency, (NITDA) Mallam Kashifu Inuwa Abdullahi, CCIE, commended NIPOST for what he called; “accelerating milestone it achieved in the production of the postage stamp.”

He recalled that the minister gave the directive on September 29, 2020 for NIPOST to come up with commemorative postage stamp, the feat the service achieved in a short period of time.

Mallam Abdullahi noted that the postage stamp would ensure the nation’s journey to digital economy is accelerated as it would play a big role in digitizing the economy.

Leave a Comment

Your email address will not be published.

You may also like

Agriculture Business Culture Economy

FG TO STREAMLINE EXISTING SORGHUM VARIETIES TO ENHANCE SELF-SUFFICIENCY, OTHERS

post-image

 

Federal Government has reiterated its commitment to streamline the existing sorghum varieties in the country to enhance Self-sufficiency, income generation, Food and Nutrition Security amongst others.

The Minister, Federal Ministry of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar revealed this while receiving report of the Sorghum Technical Committee, in his office, in Abuja, recently.

He stated that the objective of streamlining the existing sorghum varieties was to find other ways of improving productivity, value addition and quality of sorghum produce, noting that the exercise was crucial as it would enhance farmer’s income, attract more youth to sorghum cultivation, meet national demand as well as contribute to the growth of the Gross Domestic Product.

In his words” This cannot be achieved without the collaborative efforts of all Stakeholders of which farmers, Seed producers, Input providers and international Institutes are part”.

He recalled that the technical committee arose from a sorghum stakeholders meeting on…

Read More
Business Economy

African startups are weathering the funding storm with acquisitions

post-image

A new report from Africa’s foremost digital economy consultancy, TechCabal (https://TechCabal.com) Insights has revealed that acquisitions have become more frequent in Africa’s tech ecosystem, showing signs of a maturing market. According to the report, 2021 saw 32 acquisition deals on the continent. At the end of Q3 2022, there were about 43 acquisition deals, signaling a consolidation trend.

 

 

After two years of continuous growth in VC investment, funding announcements have hit a plateau. Startups have resorted to cutting costs to extend their runway, and acquisition deals have become necessary for survival, particularly with startups operating in the same market. The number of acquisitions between startups operating in the same market increased from 31% in Q2 to 52% in Q3 2022.

 

The State of Tech in Africa Report compiled by TechCabal Insights, also found that the average seed ticket size remained stable at $2.5M in…

Read More
Business Economy Society Technology Technology Trends

Multimillion-dollar boost for small business as more African countries join MultiChoice Africa Accelerator Programme

post-image

Following the success of the MultiChoice (www.MultiChoice.com) Africa Accelerator (https://bit.ly/3OtthRz) Programme, which secured $16 million (USD) of funding for six emerging businesses last year, the programme has been expanded to eight more countries across Africa.

 

Many more small businesses in Africa’s technology sector now have the chance to benefit from the 2023 programme, which provides the skills and opportunities needed to attract transformative business funding.

“We’re really excited to be expanding the MultiChoice Africa Accelerator Programme to more African countries,” said Calvo Mawela, MultiChoice Group CEO, announcing the launch. “It’s part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth.”

The MultiChoice Africa Accelerator Programme, which kicked off during Global Entrepreneurship Week,  is aimed at established start-ups and small enterprises in specific technology sectors – healthtech, agritech, fintech, edutech, the circular economy and the creative industries.

“There…

Read More
Announcements Business Culture Events Technology Tourism Trends

Spark Africa set to hold the largest tech gathering in Africa; the Africa Technology Expo.

post-image

 

Spark Africa, The African Technology Leader has announced the company’s readiness to host the African Technology Expo, a gathering of tech enthusiasts and stakeholders with the aim of promoting indigenous African talents and innovations.

This was disclosed by the Convener of the event and CEO of Spark Africa, Nnaemeka Clinton, during a Press briefing.

According to him;“Nigeria has over 30 Million People with viable ideas, about 10,000 startups and over 200 of these startups are fintech.

Most tech events in Africa and Nigeria specifically do not solve the issue of helping our unique talents with viable tech ideas translate their ideas to startups.
This isn’t about creating an avenue for motivation and encouraging networking amongst African talents alone, that is good, however, the “working the talk” is by transforming their ideas into startups.
The Africa Technology Expo, the largest tech gathering in Africa is different, this year’s debut edition is aimed at converting over…

Read More
Announcements Business Economy Technology Technology Trends Telecoms

ON THE UPCOMING AUCTION OF TWO (2) LOTS OF 3.5GHZ SPECTRUM

post-image

 

The Nigerian Communications Commission (the Commission), in line with Section 121 of the Nigerian Communications Act 2003 (the Act) has the responsibility to manage and administer Spectrum resources for the communications sector in an efficient and effective manner. This is for the socio-economic benefit of the country.

Accordingly, it is the Commission’s responsibility, as the industry regulator, to ensure that harmonized and standardized Spectrum resources are made available in a timely manner to ensure its optimal utilization. The impact of the Commission’s regulatory activities in this regard is evident in the contribution of ICT, and telecommunications in particular, to the Gross Domestic Product (GDP) of the country.

The Act allows available Spectrum resources to be licensed through different methods. Spectrum licensing via Auction is one of the most transparent methods of assigning Spectrum resources globally. It is important to note that the Commission in response to requests for more Spectrum lots…

Read More
Business Economy News Technology Technology Trends Telecoms

NCC-CSIRT Urges Adoption of Two-Factor Authentication as Somnia Ransomware Targets Telegram Accounts

post-image

 

In response to the discovery of a new attack that compromises victims’ VPN (Virtual Private Network) accounts to compromise messaging app, Telegram, the Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised users to adopt two-factor authentication to protect their Telegram accounts and to not download unknown Advanced IP Scanner Software.
Ukrainian cyber experts discovered the attack, which uses Vidar Malware (Vidar Stealer) to steal Telegram session data, which in the absence of configured two-factor authentication and a passcode, allows unauthorized access to the victim’s telegram account and corporate account or network.

The malware, which exploits unauthorized access to users’ Telegram accounts and corporate accounts to steal data, targets platforms across iOS, Android, Linux, Mac and Windows Operating Systems.

“The Ukrainian CERT alleged that a Somnia Ransomware was created to be used on Telegram that tricks users to download an installer that mimics ‘Advanced IP Scanner’ software, which contains Vidar…

Read More
Business Economy Energy

KOLMANI OIL AND GAS PROJECT HAS ATTRACTED OVER $3BN INVESTMENT IN FOSSIL ENERGY – PRESIDENT BUHARI

post-image

 

– Restates Net Zero Carbon Emission By 2060

President Muhammadu Buhari has declared that his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy.

Speaking Tuesday in Bauchi at the Flag-off Ceremony of the Kolmani Integrated Development Project, a fully integrated in-situ development project comprising upstream production, oil refining, power generation and fertilizer, President Buhari said:

“Considering the land locked location and the huge capital requirement, the economics of the project is a challenging proposition. Consequently, from the outset, I instructed NNPC Limited to utilize and leverage their vast asset portfolio across all corridors of its operations to de-risk the project to attract the much-needed investment.

“It is therefore to the credit of this administration that at a time when there is near zero appetite for investment in fossil energy, coupled with the location challenges, we are able to attract…

Read More
Business Culture Economy Technology Technology Trends

uqudo Paves The Way for Digital Identity in Africa

post-image

uqudo’s (https://uqudo.com/) CEO, Mohamed Fagiri recently spoke on “Building Global Bridges: How to Access New Markets” at the Africa Tech Festival, the leading tech festival connecting innovators and changemakers across the continent. Mohamed shared his insights on scaling start-ups and building key products that can transform the world.

 

 

A digital identity company that is building an “identity layer” that makes customer onboarding safe, efficient and cost-effective in a digital world, uqudo has seen major growth in the past few months. Providing digital identity verification for key fintech players in the EMEA region, uqudo has also partnered with numerous entities in the African region to enhance digital identity in the continent.

 

The World Bank and Africa Development bank estimate that of the 1.3 billion people in Africa, 50% are smartphone users. With the population projected to increase in the next few decades, smartphone penetration will also see drastic…

Read More