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Dr. Bosun Tijani Highlights Positive Growth in Nigeria’s ICT Sector

Dr. Bosun Tijani Highlights Positive Growth in Nigeria’s ICT Sector

 

Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, has expressed optimism about the continued positive trajectory of Nigeria’s ICT sector and its impact on the economy. He pointed to data from the National Bureau of Statistics (NBS), which shows substantial growth in Foreign Direct Investment (FDI) in the sector.

“The data from NBS continues to show a positive growth trajectory for our sector and economy as a whole,” Dr. Tijani noted. “With over $191 million in Foreign Direct Investment (FDI) in Q1 2024 alone, we have already surpassed the total FDI into the Telecommunication sub-sector for the whole of 2023.”

Dr. Tijani attributed this growth to the confidence in the potential of the ICT sector and the dedicated efforts of all stakeholders to reverse the previous slowdown. He emphasized that the sector remains a catalyst for economic growth.

“This growth in FDI is about confidence in the potential of our sector and a reflection of the hard work that all ICT stakeholders have put in to ensure that we reverse the slowdown in our sector so that it remains a catalyst for growth,” he stated.

As Nigeria enters the second half of 2024, Dr. Tijani is optimistic about sustaining this momentum, supported by reforms and policies aimed at stimulating inclusive growth. He acknowledged the efforts of President Bola Ahmed Tinubu in implementing measures to enhance the digital economy and the broader economic landscape.

“As we start the second half of the year, I’m looking forward to building on this momentum supported by the necessary reforms and policies that President Bola Ahmed Tinubu is putting in place to stimulate inclusive growth in the digital economy and the broader economy,” Dr. Tijani concluded.

Dr. Bosun Tijani’s remarks highlight the significant strides made in Nigeria’s ICT sector and underscore the importance of continued investment and policy support to sustain this growth.

NITDA Highlights Robust Cybersecurity Measures at IoT West Africa Conference

NITDA Highlights Robust Cybersecurity Measures at IoT West Africa Conference

 

As the Internet of Things (IoT) continues to expand, integrating an increasing number of interconnected devices into our daily lives, the importance of robust cybersecurity measures to safeguard these devices has become paramount.

At the ongoing ‘IoT West Africa Conference and Exhibition’, Dr. Aristotle Onumo, Director of Corporate Planning and Strategy at NITDA, addressed the audience on the critical cybersecurity measures implemented by NITDA to prevent potential breaches. These measures are designed to protect sensitive information and ensure the seamless functionality of essential systems, reflecting NITDA’s commitment to maintaining a secure IoT ecosystem in the region.

Tizeti Celebrates 12 Years of Resilience and Growth

Tizeti Celebrates 12 Years of Resilience and Growth

Tizeti Celebrates 12 Years of Resilience and Growth

Tizeti, the innovative internet service provider, celebrated its 12th anniversary over the weekend, marking a significant milestone in its journey of resilience and growth. Kendall Ananyi, CEO of Tizeti, shared the company’s recent achievements and future aspirations.

“Celebrating Tizeti’s 12th anniversary was truly special,” said Ananyi. “Our Ghana team gave us an early gift by completing their first profitable year after overcoming the challenges posed by the Ghanaian Cedi crash in 2022. The insights and resilience we developed from this experience are now helping us navigate the current instability of the Nigerian Naira.”

The financial stability of GhanaWifi allows Tizeti to focus on new expansions. The company is planning to launch services in Côte d’Ivoire while ensuring the profitability of its recent expansions across Nigeria.No alternative text description for this image

Ananyi reflected on the importance of perspective, drawing inspiration from African business leaders like Aliko Dangote and Stanbic IBTC founder Atedo Peterside. “Listening to Dangote at the Afreximbank talk and reading about Peterside’s retirement reminded me of the importance of zooming out from daily challenges and recognizing that we are still in the early stages of a long journey. With 12 years behind us, we have a lot more to achieve.”

Tizeti is embarking on an exciting new venture, combining internet connectivity with clean energy. The company aims to build a first-of-its-kind network, starting in Lagos, with a planned launch on 12/12/2024. This date not only honors Tizeti’s founding in 2012 but also marks its 12-year milestone.

On this anniversary, Ananyi wished everyone great physical and mental health, emphasizing the importance of balancing quality time with family, caring for aging parents, and maintaining healthy work relationships through life’s highs and lows.

 

 

Anthony Emeka Nwosu

 

 

Tizeti is embarking on an exciting new venture, combining internet connectivity with clean energy. The company aims to build a first-of-its-kind network, starting in Lagos, with a planned launch on 12/12/2024. This date not only honors Tizeti’s founding in 2012 but also marks its 12-year milestone.

Ijeoma Akunyili Elected to Harvard Kennedy School Alumni Board

Ijeoma Akunyili Elected to Harvard Kennedy School Alumni Board

 

Ijeoma Akunyili, daughter of the late Dora Akunyili, has been elected as an alumni board member of the prestigious Harvard Kennedy School (HKS) in the United States. She joins eight other distinguished individuals from various countries in this significant role.

Ijeoma Akunyili’s election is a notable achievement, marking her as a prominent figure among HKS alumni. Her mother, Dora Akunyili, was renowned for her impactful work as the director-general of the National Agency for Food and Drug Administration and Control (NAFDAC) and as a former minister of information in Nigeria.

This election highlights Ijeoma’s dedication and contributions to her field, continuing the legacy of excellence established by her late mother.

EbonyLife Media Celebrates the Success of Òlòtūré The Journey

EbonyLife Media Celebrates the Success of Òlòtūré The Journey

 

In a statement from Mo Abudu, CEO of EbonyLife Group, the company announced the exhilarating success of their latest release, *Òlòtūré The Journey*. The series achieved a remarkable milestone by soaring to the #1 spot on Netflix within just one day of its launch and securing a place in the Top 10 across 24 countries within 72 hours.

*Òlòtūré The Journey* continues the compelling narrative from *Òlòtūré* the movie, focusing on a journalist’s courageous journey as she confronts a human trafficking ring in Nigeria. The production, which took place across Nigeria and Mauritania, was nothing short of extraordinary. The dedicated cast and crew supported each other through intense stunts, long hours, and even occasional sandstorms.

Abudu expressed profound gratitude to the cast, crew, viewers, and partners at Netflix. She highlighted the importance of bringing stories with profound themes to life and showcasing African landscapes on screen, which deeply resonates with the audience.

*Òlòtūré The Journey* is now streaming on Netflix.

Step into the Next Generation of Banking with FinTrak’s Comprehensive Suite of Solutions!

Step into the Next Generation of Banking with FinTrak’s Comprehensive Suite of Solutions!

 

FinTrak Software Co. LTD, an international IT powerhouse headquartered in Lagos, has launched an upgraded version of its core banking solution, aimed at revolutionizing the banking experience for African financial institutions. This robust and adaptable core banking system is designed to meet the diverse needs of banks across the African continent, from East to West and down to Southern Africa. The new system is supported by a comprehensive, round-the-clock client support framework, ensuring seamless operations and customer satisfaction.

FinTrak Software Co. LTD is a global financial technology organization renowned for providing innovative technology and business solutions to financial institutions and enterprises worldwide. The company’s extensive deployment of its solutions across numerous African countries stands as a testament to its reliability and effectiveness.

“Discover the power of FinTrak’s comprehensive suite of financial technology solutions,” enthused Bimbo Abioye, the Group Managing Director of FinTrak Software LTD. “With our innovative budget planning, automation, and reporting tools, we are redefining modern banking solutions for success.”

FinTrak’s Core Banking  product offers an integrated approach to enterprise performance management. This toolstreamlines reporting processes and provides valuable insights for informed decision-making, crucial for banks aiming to stay competitive in today’s fast-paced financial landscape.

“Tailored solutions for unique needs,” Abioye continued. “FinTrak’s software offers unmatched customization while maintaining top-tier quality. Experience the freedom to adapt and thrive in today’s dynamic financial environment.”

He further emphasized the advantages of their core banking system: “Your journey to financial excellence starts with FinTrak’s Core Banking System. Seamlessly integrated, highly efficient, and strategically designed for success. Choose FinTrak for unparalleled performance.”

FinTrak’s innovative automation tools simplify financial processes, eliminating the need for manual tasks and significantly boosting efficiency. “Transform your banking experience with FinTrak today,” Abioye added. “Elevate your financial operations with FinTrak’s Core Banking System. More than just software, it’s a strategic choice for excellence. Experience seamless integration and efficiency like never before.”

Beyond traditional banking services, FinTrak Software also excels in offering comprehensive risk management solutions. Banks face credit risks in various financial instruments, including interbank transactions, trade finance, forex, futures, swaps, bonds, and equities. FinTrak’s solutions are designed to fortify credit risk strategies across the financial services sector, ensuring robust risk management and operational resilience.

Anthony Emeka Nwosu

 

 

 

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Inspiring Young Minds: Canon and Greenwood House School Introduce Canon Academy Juniors Programme to Spark Interest in Photography

Inspiring Young Minds: Canon and Greenwood House School Introduce Canon Academy Juniors Programme to Spark Interest in Photography

The Canon Academy Juniors programme (www.Canon-CNA.com) believes in teaching our youth to empower them and give them confidence by fostering a new hobby and developing their creative skills; The programme, offers two classes tailored to different age groups (8-12 and 13-16) which provide kids and teens with hands-on photography skills.

 

Canon Central and North Africa (CCNA) is thrilled to announce a partnership with Greenwood House School in Lagos, Nigeria, through it’s Canon Academy Juniors Programme. This collaborative initiative aims to inspire and empower young learners by igniting their passion for photography through engaging and interactive sessions led by certified Canon trainers.

Rashad Ghani, B2C Business Unit Director at Canon Central and North Africa shared his excitement regarding the collaboration, remarking, “Our partnership with Greenwood House School through the Canon Academy Juniors Programmes is a testament to our commitment to nurturing creativity and talent. These workshops provide a wonderful opportunity for youngsters to discover a new hobby, develop their creative skills, and forge a lifelong love for photography.

“This collaboration aligns seamlessly with both organisations’ missions to provide quality education to individuals and develop creative skills. We are confident that these workshops will equip participants with the necessary skills and knowledge to unlock their creative potential to further explore the photography field.”

What makes this collaboration truly unique is the direct hosting of two photography workshops on the premises of Greenwood House School. This approach facilitates seamless integration of the programme into the school environment, promoting a collaborative learning experience.

These workshops provide a wonderful opportunity for youngsters to discover a new hobby, develop their creative skills, and forge a lifelong love for photography

Rashad adds further, “Education plays a vital role in fulfilling Canon’s values of creating a strong, knowledgeable, and inspired community where there is a shared passion for photography, videography, and printing. Our approach to education on the African continent aligns with Canon’s corporate philosophy, Kyosei, which is a Japanese concept meaning, living and working together for the common good. Through our educational programmes we bring to life our commitment to sustainability, how we work together, and our desire to create an environment for everyone to thrive and grow.”

The workshops were specifically tailored for two distinct age groups: 8-12 years old and 13-16 years old, ensuring that the content is age-appropriate and fitting for all participants. Each cycle of the programme consisted of four sessions which spanned from May 4th to May 25th and from June 1st to June 22nd.

The young participants engaged in practical training sessions and learnt important skills such as how the camera works, and basic camera modes, while gaining confidence to take photos. They also learnt about framing, landscape, portraits, visual storytelling, and much more. It was an excellent opportunity for the participants to explore a new creative hobby and gain valuable skills that could help them in the future.

The culmination of the workshops will be celebrated through a captivating photo exhibition at the school, where the best works of the participating students will be showcased, highlighting their creativity and achievements.

Mr. R. Cilliers, Principal, Greenwood House School: “We are ecstatic to join hands with Canon in introducing the Canon Academy Juniors Programme at the school. This partnership promises an exhilarating journey for our learners, offering them an enriching experience in the world of photography. We are eager to witness the transformative impact that this experience will have on their confidence, creativity, and passion for photography.”

Greenwood House School, situated in Parkview Estate, Ikoyi, Lagos, is recognized for its commitment to excellence in primary education. Catering to children aged 3 months to 10 years old, it offers classes from Creche to Primary, embracing diversity of cultural and religious backgrounds. Its dedication to quality education has garnered respect within Nigeria’s educational landscape.

Nourishing the Future: How NESTLÉ is Providing Affordable Nutrition in Central and West Africa

Nourishing the Future: How NESTLÉ is Providing Affordable Nutrition in Central and West Africa

Malnutrition and food insecurity are key challenges for many of Africa’s communities, and innovative solutions are needed to address this double-edged sword. The nutritional landscape in many regions on the African continent is complex. World Bank (https://apo-opa.co/4cGaEom) reports show that a significant number of children in the country suffer from stunted growth and anaemia, a direct result of poor nutrition.

 

It is, therefore, essential for food manufacturing businesses in Africa to take their responsibility by providing products with key nutrients that help address nutritional deficiencies among the population.

Meeting the population’s nutritional needs

Affordability is a critical factor in the fight against malnutrition and food insecurity.

Our recent introduction of NIDO Milk & Soya in Nigeria is part of the company’s commitment to making better nutrition affordable and accessible across the region

For many communities, the cost of nutritious food is a barrier to achieving a balanced diet.

In Central and West Africa, NESTLÉ aims to provide children and adults alike with the essential nutrients they need for healthy growth and development.

“In 2022, Nestlé served consumers in our region with 89.5 billion servings of products fortified with at least one of the 4 main micronutrients we are deficient in (Iron, Iodine, Zinc, Vitamin A), to help them address the micronutrient deficiency gaps, particularly, iron deficiency. Our recent introduction of NIDO Milk & Soya in Nigeria is part of the company’s commitment to making better nutrition affordable and accessible across the region. This shows how affordability can be integrated into nutritional solutions, ensuring that essential nutrients are within reach for all, regardless of socioeconomic status’, – Salomé Azevedo, Business Executive Officer – Dairy, NESTLÉ Central & West Africa”.

Recognising that accessibility also influences affordability, NESTLÉ uses locally sourced soybeans for the manufacturing of NIDO Milk & Soya in Nigeria. In this way, the company does not only support local agriculture but also ensure that the product is readily available to consumers in the region. This localised approach to production and sourcing reduces transportation costs, lowering the price of the product for the end consumer.

A sustainable solution

Sustainability is at the heart of NESTLÉ’s operations. Supporting Nigerian farmers not only provides them with a steady source of income, but also reduces the environmental impact of dairy production. As NESTLÉ strives to meet its global target of reducing emissions by 20% by 2025, initiatives like these demonstrate that it is possible to achieve nutritional goals while remaining a responsible corporate citizen.

Zoracom Welcomes Partners Ahead of 10th Anniversary Celebration

Zoracom Welcomes Partners Ahead of 10th Anniversary Celebration

 

Zoracom, a leading technology company, expressed its gratitude and excitement as it welcomed its esteemed partners today. The event marks the beginning of a three-day countdown to Zoracom’s highly anticipated 10th anniversary celebration.

“We are delighted to welcome our esteemed partners today!” Zoracom announced. “Thank you for being an integral part of our remarkable journey. Together, we are stronger and poised to reach new heights.”May be an image of 11 people

The celebration is set to embrace a nostalgic theme, with participants dressing in old-school fashion to honor the company’s decade-long journey. The anniversary festivities promise to reflect Zoracom’s growth, achievements, and the strong bonds formed with its partners.

The company shared its enthusiasm on social media with the hashtags #infosim, #zoracom10thanniversary, and #Celebration, signaling the start of a memorable event series leading up to the anniversary day.

Controversy Erupts Over Nigeria’s Concurrent Implementation of Four Budgets

Controversy Erupts Over Nigeria’s Concurrent Implementation of Four Budgets

 

The Nigerian government’s unprecedented decision to simultaneously implement the 2023 Approved Budget, the 2023 Supplementary Budget, the 2024 Approved Budget, and the 2024 Supplementary Budget has sparked significant controversy and criticism.

Prominent voices, including Professor Ndubuisi Ekekwe, an esteemed entrepreneur and investor, have weighed in on the issue. “What a nation, four budgets at once,” Ekekwe remarked. “The Nigerian government’s decision to implement the 2023 Approved Budget, the 2023 Supplementary Budget, the 2024 Approved Budget, and the 2024 Supplementary Budget concurrently has sparked significant controversy. BudgIT Foundation, a civic-tech organization in Nigeria, has strongly criticized this move, labeling it as unprecedented and fundamentally flawed.”

Professor Ekekwe highlighted the lack of strategic vision as a core issue plaguing the nation. “Nigeria lacks strategic vision and when that happens in a nation, all problems appear like ‘money problems.’ Yes, if we put it in the budget with more money, the problem will be solved. That is not the issue. The real deal is that we have no capacity to execute, and measure impacts and outcomes. Otherwise, how do you execute four national budgets at once?”

The criticisms from Ekekwe and BudgIT Foundation underscore concerns about the government’s ability to effectively manage and implement multiple budgets concurrently. The ongoing debate raises questions about Nigeria’s fiscal strategy and its capacity to deliver on its financial commitments.