News

Mr. Sunil Bharti Mitta: Bola Tinubu has assured prospective investors in Nigeria that his administration will provide a better business climate for them to thrive.

AT MEETING WITH AIRTEL FOUNDER, PRESIDENT TINUBU ASSURES INVESTORS OF BETTER BUSINESS ENVIRONMENT

 

President Tinubu made the commitment on Monday during an audience with the Founder and Global Chairman of BHARTI AIRTEL, Mr. Sunil Bharti Mittal, Africa Group Chief Executive, Mr. Segun Ogunsanya, and their team at the State House, Abuja.

While receiving the Airtel delegation, President Tinubu recalled his historic connection with the telecommunication company when it started as Econet Wireless while he was Governor of Lagos State, stating that he facilitated and supported the entry of the company into Nigeria to liberalise the telecommunication industry.

The Nigerian leader praised the growth of the company and welcomed the offer of partnership to further deepen economic growth and eradicate poverty among Nigerians.
He also commended the economic strength of India in Asia, noting how technology had helped the largest democracy in the world to pull millions out of extreme poverty.
“I have a connection with Airtel. We brought Econet to Nigeria when I was governor of Lagos State. I was a main promoter then because we needed to liberalise the telecom industry. The economy of Asia headed by India is very phenomenal because of reforms. We are ready to copy India.

“Digital economy is very crucial. We are not ashamed to copy any model that works. I congratulate Airtel for the growth of your business in Nigeria. We are looking forward to the growth and expansion of your 5G network in Nigeria. Airtel should continue to promote Nigeria.

“I assure you that your investment is very safe and will continue to grow. We are working to improve business environment for all investors,” the President said.
In his presentation, the Global Chairman of Bharti Airtel, Mr. Mitall, congratulated President Tinubu and offered him the goodwill of his company and that of his country, India, noting that besides being a businessman and investor in Nigeria he is a member of Business Advisory Council of Prime Minister Narendra Modi.

Mr. Mitall showered encomiums on President Tinubu for the key decisions he has taken within just three weeks in office, which have put Nigeria back on global business reckoning.
“I came here to make a request, but I have to say thank you first. We are grateful for what you have done with the removal of fuel subsidy and fixing the foreign exchange. This will open a floodgate of foreign investments. You have taken these bold steps. It is important to stand firm. Airtel is a robust telecom company and we are ready to serve Nigeria,’’ Mitall added.
The Special Adviser to the President on Monetary Policy, Mr. Wale Edun, in his remarks, said President Tinubu had always recognised the transformational power of technology and telecommunication for economic growth since his time as governor of Lagos State.

On the challenge of vandalism of telecom infrastructure, the Ogunsanya pleaded with the President to prioritise it as national security issue that should be addressed:
“It is in our interest to provide better service but we are always faced with the destruction of our infrastructure, especially our fibre optic cables. Telecom infrastructure should be taken as critical national assets that must be protected.

“We believe in digital transformation of Nigeria. I am committed to this country because I am a Nigerian and this market is the biggest under my portfolio. We can take millions of our people out of poverty with digital transformation of our economy.”

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Events Technology Technology Trends

Hanson Johnson of Start Innovation Hub Propels Akwa Ibom’s Transformation into an ICT Hub

post-image

 

In a pivotal move aimed at reshaping the economic landscape of Akwa Ibom State, Hanson Johnson, the Founder/CEO of Start Innovation Hub and a prominent figure in the digital ecosystem, has unveiled plans for the Akwa Ibom Tech Week. This initiative marks a significant step towards transitioning the state from its reliance on oil and agriculture to becoming a thriving center for Information and Communication Technology (ICT).No alt text provided for this image

During a recent address, Johnson articulated his vision for the region, stating, “There’s been extensive deliberation within closed circles regarding our shared ambition to transform Africa into a hub for living, working, and creating opportunities, starting right here in Akwa Ibom State 😜. Out of these discussions emerged Akwa Ibom Tech Week and numerous other initiatives, including the Ibom Innovation Network, designed to foster collaboration among innovators.”

Expressing his…

Read More
Business Culture Education

Anambra Governor Lauds State School Girls for National ICT Victory

post-image

 

Chukwuma Soludo, Governor of Anambra State, celebrated the remarkable achievement of three girls from a state school who brought honor to Anambra by securing a national laurel. This accolade comes shortly after another public school, CKC, garnered laurels in the United States.

Governor Soludo conveyed his heartfelt congratulations to Immaculate Ebube Ikegwuonu, Camilla Anyadike, and Nweke-Nonso Oluchi from St. John Vianney Science College, Igbariam, Anambra East LGA, for clinching the prestigious National Girls in ICT Competition 2024 championship title.

Their triumph in the competition, organized by the Federal Ministry of Communication, Innovation, and Digital Economy, not only highlights their exceptional abilities but also brings immense pride to Anambra State.

These talented young ladies displayed unwavering determination, securing victory at the state, regional, and national levels.

Their project, the M-Tag VR, which showcases Nigeria’s iconic landmarks and cultural heritage, exemplifies the innovative spirit and ingenuity of Anambra’s youth.

This victory not only underscores the impact…

Read More
Business Economy

Federal Government Takes Decisive Action, Revokes 924 Dormant Mining Licenses

post-image

 

In a significant move aimed at revitalizing the mining sector, the Federal Government has revoked a total of 924 dormant licenses covering exploration, mining, small-scale mining, and quarrying activities. The announcement came during a press conference on Wednesday, led by the Minister of Solid Minerals Development, Dr. Dele Alake.

Dr. Alake underscored that the decision was made in accordance with constitutional provisions and after providing adequate notice to concerned parties through the official Gazette of the Federal Republic of Nigeria, No. 227, issued on December 27, 2023. He emphasized that license holders were given a 30-day window to rectify their dormant status, with 39 licensees either resuming operations or presenting valid reasons for their inactivity.

The revocation affects a range of licenses, including 528 exploration licenses, 20 mining leases, 101 quarry licenses, and 273 Small Scale Mining Licenses (SSML). Dr. Alake stressed that the action followed due process and aligns with…

Read More
Business Economy Software Technology Travels

Nigerian tech ecosystem leads Artificial Intelligence (AI) innovation race at GITEX AFRICA’s Artificial Intelligence (AI) Everything Expo launch

post-image

Nigerian start-ups are leading an epic AI innovation race with innovative digital solutions solving cross-continental challenges, as the very best from Africa’s largest economy take centre stage at the rising Silicon Valley’s largest tech and start-up event in Morocco next month.

 

From AI-powered diabetic care, to SaaS (Software as a Service) platforms boosting agriculture profitability, Nigerian tech is shaping the future of Africa’s burgeoning digital economy, enticing global investors with tantalising venture opportunities at the AI Everything Expo by GITEX AFRICA 2024, the continent’s largest tech and start-up event, from 29-31 May in Marrakech.

Nigeria’s bold initiatives establishing the country as a dominant force in AI and tech talent development will be amplified by strong venture capital demand and interest at GITEX AFRICA’s AI Everything showcase, the continent’s most progressive power forum for AI exploration and deep tech innovation.

That demand will be intensified by the incredible AI growth opportunity in Nigeria;…

Read More
Art Business Culture Entertainment Events Society

Billionaire Bitcoin Merchant Establishes Free Music Recording Studio in Enugu to Empower Artists

post-image

 

In a bid to tackle the financial hurdles hindering the rise of emerging artists, particularly in Nigeria’s Eastern region, a prominent figure, Gaius Chibueze, popularly known as Bitcoin Chief, has taken a remarkable step. Recognizing the pivotal role of studio expenses in stifling talent, Chibueze has unveiled a state-of-the-art music studio in Enugu, offering recording and mastering services entirely free of charge.

The initiative comes as a response to the prevalent challenge faced by budding musicians, where the high costs associated with studio sessions and production often serve as a barrier to entry into the global music scene. With Nigeria boasting a burgeoning entertainment industry that commands international acclaim, the inability of talented individuals to access essential resources has remained a persistent issue.

Chibueze, an astute entrepreneur known for his ventures in the Bitcoin market, aims to address this disparity by providing a platform that nurtures creativity without financial constraints. His…

Read More
Business Economy Technology Technology Trends

NASENI, Nasarawa State, Firm to Establish Tractor Manufacturing Plant in North-Central Geo-political Zone

post-image

As Governor A.A Sule Visits NASENI to Facilitate Discussions on the Project

The National Agency for Science and Engineering Infrastructure (NASENI), is set to collaborate with Nasarawa state government and Bobtrack Tractors, a division of Saint Bob Motors Limited to start the manufacturing and assembling of tractors in the north-central geo-political zone.

The facilities and infrastructure available at one of NASENI’s Institutes, Agricultural Machinery and Equipment Development Institute (AMEDI), Lafia, Nasarawa state will be used for assembling and manufacturing of the tractors.

According to the Executive Vice Chairman/Chief Executive Officer, NASENI, Mr. Khalil Suleiman Halilu, the project which is aimed at creating wealth and jobs for Nigerian youths is in line with President Tinubu’s Renewed Hope Agenda of ensuring food security and promotion of mechanized farming and agro-business in the country. Halilu disclosed this when the Executive Governor of Nasarawa State, Engr. Abdulahi A. Sule led a delegation comprising of Bob…

Read More
Business Economy

Shaping the future of banking in Africa with EFT Corporation

post-image

 

 

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years.

 

How can business leaders prepare for this? How has the landscape shifted? And, most importantly, what opportunities does this create?

 

The Banking on the Future with EFT Corporation Conference, taking place from 13 to 15 May 2024 in Victoria Falls, will bring together C-suite executives from more than 70 of Africa’s premier banks to address these pivotal conversations. Attendees can anticipate indispensable insights from keynote speakers as well as valuable networking opportunities.

 

As a leader in the digital payment ecosystem, EFT Corporation (EFTCorp) aims to provide a comprehensive exploration of the digital banking landscape in Africa and the transformative potential it holds for businesses and communities…

Read More
Business Culture Government Health

Revna Biosciences: A Beacon of Excellence with Dual International Organization for Standardization (ISO) Accreditations in Ghana and West Africa

post-image

Revna Biosciences (www.RevnaBio.com) has carved a niche for itself in Ghana and West Africa by being the first facility in the region to secure dual ISO accreditations: ISO 15189:2022 for clinical diagnostics and ISO 20387:2018 for biobanking. This milestone is a testament to RevnaBio’s unwavering commitment to championing precision medicine by propelling molecular diagnostics and therapeutic discovery in the region.

 

A Pledge to Quality and Patient Care

The American Association for Laboratory Accreditation (A2LA) has bestowed the ISO 15189:2022 accreditation upon Revna Biosciences, acknowledging its dedication to delivering top-tier clinical testing services. The accreditation process entailed a rigorous on-site evaluation by A2LA’s assessors, verifying the facility’s compliance with strict standards of precision, reliability, and patient confidentiality.

Revna Biosciences’ accreditation encompasses an extensive array of human sample tests, including those involving urine, swabs, blood, bone marrow, tissue samples, and plasma. With a specialization in bacteriology, virology, and molecular pathology,…

Read More