African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department

African Development Bank Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department

The African Development Bank (www.AfDB.org) has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024.

 

Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies to align with the strategic objectives of organisations. He also brings expertise in data compilation, data analytics, macroeconomic research, and policy analysis.

Omotosho previously served as Director of Research and Statistics at the West African Monetary Agency (WAMA) in Sierra Leone, where he was seconded from the Central Bank of Nigeria. At WAMA, he provided advice on monetary and economic integration within the Economic Community of West African States (ECOWAS).

Prior to that he held various positions within the Statistics and Research Departments of the Central Bank of Nigeria.

He will support the Bank in building a robust data ecosystem to achieve our strategic objectives and sustain our long-term development goals

As an Assistant Director in the Statistics Department, he led the data analytics team and managed the Central Bank’s strategic initiatives on big data and data analytics. He oversaw projects aimed at enhancing data analytics capabilities for policymaking, automating surveys and statistical systems, improving data sharing infrastructure and developing social media listening tools. His leadership fostered a culture of data analytics within the Central Bank, driving innovation and efficiency in operational and policy processes.

Dr Omotosho holds a PhD in Economics from the University of Glasgow, United Kingdom (2021); a master’s degree in Applied Statistics and Datamining from the University of St Andrews, United Kingdom (2011); a master’s degree in Economics from the University of Benin, Nigeria (2008); and a Bachelor’s degree in Economics from the University of Ilorin, Nigeria (2000).

He has contributed extensively to academic literature, with publications in reputable journals, including the Journal of Economic Dynamics & Control, Journal of International Money & Finance, Macroeconomic & Finance in Emerging Market Economies, and the Central Bank of Nigeria Journal of Applied Statistics. His research covers big data, econometrics, monetary and fiscal policy interactions, business cycle drivers, and the macroeconomic implications of resource shocks for small open, emerging economies.

Omotosho is a member of the Nigerian Statistical Association, the International Association for Official Statistics, and the Royal Statistical Society.

Commenting on his appointment, he said, “I am grateful to President Adesina for this appointment, and I am excited about the opportunity to contribute to the continued success and growth of the African Development Bank Group, an institution that plays such a pivotal role in the economic and social development of our beloved continent, Africa. I am fully committed to fulfilling the responsibilities of the position while collaborating effectively with the Bank’s senior leadership team, colleagues, and other strategic partners.”

Dr Akinwumi A. Adesina, President of the African Development Bank Group, commented: “I am pleased to appoint Dr Babatunde Samson Omotosho, a respected statistician, as Director of the Statistics Department. Dr Omotosho brings to this role an impressive track record in statistics, economics, and data analytics. He will support the Bank in building a robust data ecosystem to achieve our strategic objectives and sustain our long-term development goals.”

Chief Executive Officer (CEO) Assembly to Shape the Future of African Energy at MSGBC 2024

Chief Executive Officer (CEO) Assembly to Shape the Future of African Energy at MSGBC 2024

MSGBC Oil, Gas & Power 2024 will host its first CEO Assembly on December 2, one day before the conference and exhibition officially opens in Dakar from December 3-4, under the patronage of Senegalese President Birame Souleye Diop.

 

This invitation-only event will gather up to 30 global CEOs from diverse sectors, including oil and gas majors, independent producers, renewable developers and technology innovators. This exclusive event offers a unique opportunity for CEOs to engage in confidential, open dialogue with government representatives. Held under Chatham House Rules, it ensures a safe space for candid idea exchanges.

Explore opportunities, foster partnerships, and stay at the forefront of the MSGBC region’s oil, gas, and power sector. Visit http://apo-opa.co/3L9vhO0 to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

The discussions will tackle industry challenges, foster strategic partnerships and influence the future of the MSGBC energy sector. Topics include unlocking the region’s energy potential, emphasizing natural gas and green hydrogen development, forecasting industry trends, implementing best practices and exploring investment opportunities and regulatory frameworks.

Africa is at a crucial stage in its energy evolution, with abundant resources making it a key destination for exploration and production. MSGBC countries, such as Mauritania and Senegal, have become focal points for major ventures, like the Grande Tortue Ahmeyim (GTA) gas project by bp and Kosmos and Woodside’s Sangomar oil project. These projects are set to shape the region’s evolving energy landscape during the transition.

The Sangomar project produced its first oil in June 2024, with its initial phase targeting an estimated gross oil resource of 231 million barrels and aiming to produce up to 100,000 barrels per day. Concurrently, the GTA project is scheduled to commence gas production in the third quarter of 2024, it aims to yield approximately 2.5 million metric tons per annum of natural gas. Additionally, the MSGBC region boasts abundant renewable energy prospects, exemplified by large-scale green hydrogen initiatives such as the Chariot and TotalEnergies’ Green Hydrogen 10 GW Project Nour or the 35 GW GreenGo’s Megaton Moon project in Mauritania.

The CEO assembly promotes a balanced approach to African energy development, focusing on innovation and responsible resource management. It provides a platform for open industry discussions to address challenges, seize opportunities and shape the future of the sector for sustainability and prosperity.

Siemens and PE Energy Forge Partnership to Accelerate the Transformation of Industrial Automation and Innovation in Nigeria

Siemens and PE Energy Forge Partnership to Accelerate the Transformation of Industrial Automation and Innovation in Nigeria

Siemens Digital Industries (www.Siemens.com) and PE Energy partner to enhance industrial automation in Nigeria; Combining Siemens’ technology with PE Energy’s expertise to boost efficiency, productivity, and sustainability; This partnership aims to drive industrial growth and competitiveness in Nigeria through advanced automation solutions.

 

Siemens and PE Energy are proud to announce their strategic partnership, aimed at enhancing the landscape with advanced industrial automation systems, motion and drives, and process instrumentation across Nigeria. This collaboration promises to deliver state-of-the-art solutions to a diverse array of industries such as Oil & Gas, manufacturing, food & beverage, and more.

Together, we will drive the implementation of state-of-the-art solutions in Nigeria’s industrial sector, fostering growth and competitiveness

As a leading player in the Nigerian industrial sector, PE Energy has consistently demonstrated its commitment to excellence and innovation. By teaming up with Siemens Digital Industries, a global innovation and technology leader in industrial automation, PE Energy is set to provide unparalleled services that enhance operational efficiency, productivity, and sustainability for its clients.

“Our partnership represents a powerful synergy of Siemens’ advanced technology and PE Energy’s industry expertise,” states Sabine Dall’Omo, CEO of Siemens Sub-Saharan Africa. “Together, we look forward to driving significant advancements in industrial automation across Nigeria, fostering growth and innovation in the region. This collaboration paves the way for the future of automation and innovation, empowering Nigerian businesses to compete globally and prosper locally.”PE Energy - Your EPiiMtce Partner

“We are excited about this partnership with Siemens Digital Industries,” said Mr. Daere Akobo, Chairman of PANA Holdings and CEO of its subsidiary, PE Energy. “This collaboration aligns with our mission to offer cutting-edge technology and comprehensive solutions that meet the dynamic needs of our clients across various industries. Together, we will drive the implementation of state-of-the-art solutions in Nigeria’s industrial sector, fostering growth and competitiveness.”

The partnership will leverage Siemens’ advanced technology and expertise in automation, drive systems, and process instrumentation. PE Energy will integrate these solutions to deliver customized, high-performance systems that address the unique challenges faced by Nigerian industries. This includes enhancing factory automation processes, optimizing motion and drives applications, and improving process instrumentation for better control and efficiency.

This partnership underscores a shared vision of advancing industrial automation capabilities and fostering technological innovation in Nigeria. Both PE Energy and Siemens Digital Industries are dedicated to empowering businesses with the tools and expertise needed to thrive in an increasingly competitive global market.

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Nigerian Author Hope Nwosu Announces Pre-Sale of Debut Novel “SoldOut

Nigerian Author Hope Nwosu Announces Pre-Sale of Debut Novel “SoldOut

 

Hope Nwosu, a Nigerian author based in Finland, has announced that her debut novel, “SoldOut,” is now available for pre-order. This eagerly anticipated book will be officially launched on September 7, 2024, in Helsinki, Finland.

In her announcement, Nwosu expressed her excitement and gratitude, reflecting on her journey as a writer. “I am excited to announce that my debut novel, ‘SoldOut,’ can now be pre-ordered. As someone who has experienced failure and multiple rejections in the past, I am joyous and grateful for reaching this current phase in my life,” she said. Nwosu candidly shared the challenges she faced, admitting that she almost gave up hope of getting published due to the numerous rejections her manuscript received.

“SoldOut” promises to captivate readers with its engaging narrative and well-crafted characters. The novel’s pre-sale marks a significant milestone in Nwosu’s literary career, highlighting her perseverance and dedication to her craft.

For those eager to secure a copy, details on how to order the book are provided in the accompanying photos. Additionally, Nwosu invites readers to contact her directly if they would like a signed copy of “SoldOut,” adding a personal touch to this momentous occasion.

The literary community is abuzz with anticipation for the official launch, where fans and new readers alike will gather to celebrate the release of “SoldOut.” The event promises to be a memorable occasion, marking the beginning of what is sure to be a successful journey for Hope Nwosu in the world of literature.

 

 

Anthony Emeka Nwosu

#SoldOut #Novel #BookLaunch #Literature #Writing #HopeNwosu #DebutNovel

 

 

“SoldOut” promises to captivate readers with its engaging narrative and well-crafted characters. The novel’s pre-sale marks a significant milestone in Nwosu’s literary career, highlighting her perseverance and dedication to her craft.

FG Announces New Rates for Mining Services

FG Announces New Rates for Mining Services

 

The Honourable Minister of Solid Minerals Development, Dr. Dele Alake, has unveiled a transformative new rates regime for services rendered by the Ministry’s departments and agencies. This move marks a significant step in the ongoing efforts by the present administration to enhance the sector’s economic consolidation and international competitiveness.

Dr. Alake made this announcement today during a press briefing held at the Ministry’s Headquarters Office in Abuja. He emphasized the necessity of adjusting rates to reflect the substantial investments made by the government, ensuring that stakeholders who benefit from these services contribute equitably to the sector’s sustainability.

“For instance, we supervised the successful implementation and conclusion of the mineral sector support for economic diversification, MinDiver project,” Dr. Alake stated.

Elaborating further, Dr. Alake explained that the new rates regime, in line with the Ministry’s seven-point agenda, is designed to reflect the qualitative measures and technological advancements recently implemented. These enhancements aim to elevate the technical efficiency of services, streamline transaction processes, and bolster the infrastructure necessary to support the surge in business interest.

He highlighted examples such as the Mining Cadastre Office, the agency responsible for licensing, which has acquired the new mining information system, the EMC+ portal. This system enables a 24-hour application and administration process that accelerates the rate of applications and access for applicants to the MCO.

The major highlights of the new rates regime cover 268 items, with significant changes including:

  • Applicants for Mining Lease: N3 million
  • Reconnaissance Permit: N300,000
  • Exploration Licence: N600,000
  • Small-Scale Mining Licence: N300,000
  • Quarry Lease: N600,000
  • Water User Permit: N300,000
  • Annual Service Fee: N31,500 per cadastral unit for the first time; Small Scale Mining N260,000; Quarry Lease N500,000; and Mining Lease N1,250,000
  • Penalties for Late Renewal of mineral titles: reconnaissance permit N600,000; exploration Licence N1,500,000; Mining Lease N300,000; and Quarry Lease N1,250,000

Royalty rates have increased by 100%, with specific rates for various minerals, such as:

  • Baryte: N2,100 per tonne (Market value N42,000 per tonne)
  • Coal: N3,000 per tonne (Market value N100,000 per tonne)
  • Gold: N14,400 per tonne (Market value N1,081,200 per ounce)
  • Lithium Ore (Lepidolite): N18,000 per tonne (Market value N600,000 per tonne)
  • Lithium (Kunzite): N90,000 per tonne (Market value N3 million per tonne)
  • Lithium Ore (Spodumene): N9,500 per tonne (Market value N316,667 per tonne)

Other fees include:

  • Licence for Explosives: Ranges from N500,000 to N20 million
  • Gold Refining Licence: N5 million
  • Mineral Processor Permit: N100,000
  • Mineral Resources Map: N500,000
  • Geological Map of Nigeria: N300,000

Dr. Alake also highlighted several successful initiatives of the Ministry, including the creation of the first electronic inventory of operators by the Artisanal and Small-Scale Miners Department, which enhances training, extension services, and government support for artisanal miners’ cooperatives.

In her vote of thanks, the Permanent Secretary commended the media for their astute support, promising that comprehensive details of the new rates will be posted on the Ministry’s website: www.msmd.gov.ng.

#MiningServices #EconomicDevelopment #Nigeria

NDPC and Huawei Technologies Forge Strategic Partnership

NDPC and Huawei Technologies Forge Strategic Partnership

 

On June 26, 2024, the Nigeria Data Protection Commission (NDPC) held a high-level meeting with the top executives of Huawei Technologies, China, culminating in the signing of a significant Memorandum of Understanding (MoU).

The discussions during this pivotal meeting focused on critical issues such as data security, global strategies for digital sovereignty, and governance of cross-border data flows to enhance openness and transparency. Both parties explored ways to strengthen collaboration and ensure robust data protection measures.

The meeting concluded with the signing of the MoU, which underscores a mutual commitment to capacity building and future cooperation. This strategic partnership marks a notable step forward in enhancing data security frameworks and promoting international cooperation in the digital economy.

#DataSecurity #GlobalDigitalSovereignty #InternationalCooperation

NDPC Delegation Meets with CAICT to Discuss Data Security Best Practices

NDPC Delegation Meets with CAICT to Discuss Data Security Best Practices

 

In a significant move to bolster data security practices, the NDPC delegation, led by National Commissioner Dr. Vincent Olatunji, engaged in high-level discussions with the China Academy of Information and Communications Technology (CAICT). This institution is a pivotal player in China’s telecom and digital economy sector and operates under the Ministry of Industry and Information Technology.

The meeting focused on sharing insights and strategies related to data security best practices, examining China’s comprehensive data security laws, and exploring robust management systems and standards. The discussions also covered China’s legal framework for secure cross-border data transfers, with particular emphasis on the 2017 Cybersecurity Law and the 2022 Data Security and Personal Data Protection Law.May be an image of 8 people, people studying, table and text

CAICT detailed their structured implementation framework, which includes industry-specific and provincial responsibilities. They also highlighted the challenges associated with unstructured data and centralized data transfers. Emphasizing the need for a skilled workforce, CAICT underscored the importance of talent development, supporting sector-specific standards, and addressing the talent supply and demand gap.

Both parties reaffirmed their commitment to developing a unified data transaction platform and fostering multilateral agreements to facilitate seamless data exchanges, marking a step forward in championing privacy rights and enhancing global data security standards.

 

TONY EMEKA .N.

#ChampioningPrivacyRights

Netfinity Offers Limitless Connection with Speeds Up to 1Gbps

Netfinity Offers Limitless Connection with Speeds Up to 1Gbps

 

Netfinity, Nigeria’s leading internet service provider, proudly announces its high-speed internet service with speeds of up to 1Gbps. Designed to cater to businesses across various industries, Netfinity provides plans that ensure a competitive edge through superior connectivity and unmatched reliability.

Netfinity’s premium internet service is powered by a redundant core network, offering up to 99.9% availability. Businesses can choose from Fiber or Airmax radio last mile connections to Netfinity’s robust fiber network, ensuring the fastest internet speeds in Nigeria without any data caps. This guarantees the reliability and security that businesses need to thrive.

In addition to high-speed internet, Netfinity offers comprehensive backup and security solutions. Managed Wireless Resiliency is available as an optional service for additional availability during unlikely outages. Web Security and DNS Protection provide additional network protection with content filtering and malware protection.

The benefits for businesses are significant. With lightning-fast connectivity, upload speeds are up to seven times faster than competitors, ensuring rapid data transfer. Customers experience a 100% direct connection, providing consistent, lag-free connectivity at any time of the day. Netfinity’s services future-proof businesses with a strong foundation for upcoming services, capabilities, and technologies. Cost savings are also achievable by bundling internet plans with other business products and services.No photo description available.

Netfinity’s world-class network guarantees seamless internet access through multiple local and international redundancies, ensuring uninterrupted service for residential customers in estates or multiple occupancy sites.

According to Netfinity’s management, “With Netfinity, you aren’t just a client, you’re part of the team. Our team includes IT professionals from all expertise areas—network engineers, account managers, systems integrators, application developers, and executive management. We have the team who knows how to do the job and will carry you along all the way. Our 24/7 dedicated support team, the best in the industry, operates with core values at heart. We hold ourselves to the highest standards and set our KPIs based on our global peers. Join us and see what we mean.”

Netfinity also offers private line services that equip businesses with their own private network for secure data transfer. Sites are connected using permanent digital circuits, not shared by any other customers, ensuring exclusive and reliable data communication.

 

NCC EVC Dr. Aminu Maida Commits to Improving Telecommunications Industry

NCC EVC Dr. Aminu Maida Commits to Improving Telecommunications Industry

 

The Association of Telecommunications Companies of Nigeria (ATCON) recently hosted a Special Industry Reception in honor of Dr. Aminu Maida, the Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC). During the event, Dr. Maida reaffirmed the NCC’s commitment to enhancing the telecommunications industry and delivering an improved Quality of Experience (QoE) to consumers.

“I’d like to thank the stakeholders of the Nigerian telecommunications industry and ATCON for the warm reception I received yesterday,” Dr. Maida stated. “I must also thank our consumers for their patience with us and acknowledge the support and collaboration of the industry as we roll out our reforms to improve the Quality of Experience (QoE).”

Dr. Maida emphasized the NCC’s unwavering dedication to building a resilient industry that prioritizes consumer satisfaction. “Our commitment at the Nigerian Communications Commission to building a resilient industry that delivers optimal QoE to the consumer remains resolute,” he affirmed.May be an image of 2 people, dais and text

The reception, held recently in Lagos, saw key industry figures in attendance, including Engr. Abraham Oshadami, Executive Commissioner of Technical Services at the NCC; Mr. Tony Izuagbe Emoekpere, President of ATCON; and Ms. Rimini Makama, Executive Commissioner of Stakeholder Management at the NCC. The event provided an opportunity for industry stakeholders to discuss ongoing reforms and the future of Nigeria’s telecommunications sector.

Dr. Maida’s remarks and the support from ATCON and industry stakeholders underscore a collaborative effort to strengthen and grow the telecommunications industry in Nigeria, ensuring consumers receive the highest quality of service.

 

 

ANTHONY EMEKA NWOSU