Tag: ICT

  • NITDA calls for contributions to ICT innovation, entrepreneurship vision

    The National Information Technology Development Agency (NITDA) has called for contributions from Information Technology (IT) stakeholders to develop a document on Nigeria Information Communication Technology Innovation and Entrepreneurship Vision (NIIEV).

    Mrs Hadiza Umar, the Head, Corporate Affairs and External Relations of NITDA, made this known on Wednesday in Abuja.

    Umar said that NIIEV, launched in 2017, was in line with the development of the agency’s policies and strategies to reposition the country from being a tech-consuming to a tech-producing nation.

    The external relations head added that “to unlock our national potential, NITDA proposes a number of urgent measures to connect, educate and enable digital innovation, hence the birth of NIIEV.

    “NIIEV comprises policy recommendations and incentives on key components for building a tech ecosystem.

    “In an effort to enrich the NIIEV document in line with NITDA’s policy of participatory regulation, industry stakeholders and the public are invited to review the document.

    “The agency is working with entrepreneurs, IT hubs and hub networks to review the best practices across Africa and around the world to support digital transformation in Nigeria.”

    According to Umar, NIIEV is focusing on digital infrastructure, education reform, skills development, research and development, as well as supporting the ecosystem for innovative entrepreneurship.

    She, therefore, urged stakeholders could make their inputs through the consultation tool at https://niiev.ictinnovation.gov.ng via www.nitda.gov.ng and click important notice via facebookchatbot at http://m.me/ngrinnovation.

    According to the NITDA spokesperson, interested stakeholders could send emails to info@ictinnovation.gov.ng, while the opportunity for submissions will be open from Nov. 13 to Nov. 27.

    Umar recalled that NITDA in 2017 hosted the maiden edition of the ICT Innovation and Entrepreneurship stakeholders meeting, adding that it was result-oriented.

     

  • Gov. Udom aims to exploit ICT for wealth creation in Akwa Ibom

    Governor Udom Emmanuel said his government is exploiting the option of Information and Communications Technology (ICT), Science and Technology for employment generation and wealth creation in Akwa Ibom state.

    TheNewsGuru (TNG) reports Governor Udom stated this, as part of policy objectives, while presenting a N670.718 billion 2019 budget he proposed for Akwa Ibom before the State House of Assembly on Wednesday.

    The Governor said ICT and the knowledge of science and technology are major catalysts for economic growth, social development and job creation.

    He said science and technology have been recognized as a strategic tool for community development, wealth creation and advancement of the human condition at all levels.

    “This Administration aims to build a strong and rich intellectual human capacity in science and technology for Akwa Ibom citizens without discrimination in gender or age and to emphasize the advancement of knowledge of ICT at all levels,” Udom said.

    He said this would be achieved through the training of unemployed graduates on ICT under the Graduate Assistant Programme (GAP) and setting up of ICT academy for the training of Civil servants in the State.

    “The world today is going green through the adoption, development and use of renewable energy and efficient utilization of nature’s energy resources.

    “Since renewable energy can be used in electricity generation and production of cleaner vehicle fuel. There is a paradigm shift from an energy system powered by increasingly expensive, dirty and unsustainable fossil fuel resources towards the one powered by abundant, clean, local and affordable renewable energy sources.

    “The State is not left behind in the global renewable energy and energy efficiency trend, as a Directorate of Renewable Energy and Energy Efficiency has been created in the Ministry of Science and Technology to specifically develop, install and maintain Renewable Energy Technology in the State.

    “Government also intends to pursue e-governance, establish Resources and Development Laboratory, Technology Workshop. etc.

    “The 2019 budget proposes the sum of N2.800 billion, to execute these activities,” the Governor stated.

     

  • Nigeria, 12 other countries get ITU membership seats

    Nigeria, 12 other countries get ITU membership seats

    Nigeria and 12 other African countries have been elected into the membership of the International Telecommunications Union (ITU) Council and, Radio Regulations Board.

    At the 20th Plenipotentiary Conference of the Council, held at the weekend in Dubai, UAE, ITU Secretary General, Houlin Zhao, was also re-elected for another term of four years.

    The 153-year-old ITU, is an agency of the United Nations (UN) set up to coordinate Telecommunications operations and services throughout the world, Originally, founded in 1865, as the International Telegraph Union, the ITU is the oldest existing International Organization headquartered in Geneva Switzerland.

    Nigeria joined the ITU on November 4, 1961. USA joined on July 1, 1908; UK February 24, 1871 and UAE on June 27, 1972.

    The ITU is governed by the Plenipotentiary Conference, which is the supreme organ of the Union, which elects its senior officials, the 48 members of its Council and its 12 members of the radio Regulations Board. It also determines the direction of the Union and its activities over the following four years.

    The ITU Council body of the Union between Plenipotentiary Conferences, which take place every four years. It ensures oversight of the Union’s activities, policies and strategies, manages Working Groups on specific topics set up by Plenipotentiary Conferences or by the Council itself and, prepares the draft ITU strategic and financial plans for presentation to the Plenipotentiary.

    The seats were divided into five regions which include Region A, with the Americas taking nine seats. The countries are Argentina, Bahamas, Brazil, Canada, Cuba, El- Salvador, México, Paraguay, USA.

    Western Europe with eight seats including France, Germany, Greece, Hungary, Italy, Spain, Switzerland and Turkey. They are in region B.

    Region C consists of Eastern Europe and Northern Asia with five seats. The countries are Azerbaijan, Czech Republic, Poland, Romania and Russian Federation.

    Nigeria and 12 others including Algeria, Burkina Faso, Côte d’Ivoire, Egypt, Ghana, Kenya, Morocco, Rwanda, Senegal, South Africa, Tunisia, Uganda are in region D.

    Asia and Australasia with 13 seats including Australia, China, India, Indonesia, Iran, Japan, Korea, Kuwait, Pakistan, Philippines, Saudi Arabia, Thailand and the United Arab Emirates all belong to region E.

    The ITU through its radio communication sector (ITU-R) and its secretariat the Radio Communication Bureau, is the global authority responsible for the management of the radio frequency spectrum and satellite orbit resources.

    With the relentless expansion of wireless services worldwide, there are competing demands for a share of the radio-frequency spectrum to support new applications. The importance and relevance of ITU-R work is, therefore, increasing everyday.

    Meanwhile, Houlin Zhao, an ICT engineer, who has served in a variety of senior management positions at ITU, will begin his second and last four-year term on January 1, 2019.

    “We continue to connect the unconnected. We are strengthening partnerships to implement our common vision of a connected world, where information and communication technology is a source for good for everyone everywhere,” he stated.

     

  • FDI in ICT sector increases from $3.2bn in 2015 to $4bn in 2018

    FDI in ICT sector increases from $3.2bn in 2015 to $4bn in 2018

    Foreign Direct Investment (FDI) in the Information and Communications Technology (ICT) sector of the Nigerian economy recorded an increase from 3.2 billion dollars in 2015 to 4 billion dollars in 2018.

    TheNewsGuru (TNG) reports Minister for Communications, Dr Adebayo Shittu made this known at the opening of the three-day 11th edition of eNigeria Conference and Exhibition in Abuja.

    The conference has “Promoting Digital Economy in an Era of Disruptive Technologies through Effective Regulation” as its theme.

    Shittu said that the Federal Government was committed to growing the country’s economy, noting that the IT sector was also on the path to steady development.

    The minister said “the impact of ICT can be felt in virtually every area of human endeavour and countries are taking advantage of disruptive technologies to transform their economies.

    “We have the National ICT Policy, National Broadband, ICT Roadmap, eGovernment Master Plan, Addressing System and Local Content Policy initiatives to deepen the role of ICT in the development of the economy”.

    Shittu explained that government was working toward developing broadband penetration to 30 per cent by the end of the year, adding that it was presently at 23 per cent.

    According to Shittu, with about 160 million active mobile lines and 90 mobile internet subscribers, mobile technologies are fast proving to be game changers to deepening ICT experience as a nation.

    “Nigerian ICT sector is open for investment and Foreign Direct Investment (FDI) in the sector has increased from 3.2 billion dollars in 2015 to 4 billion dollars in 2018.

    “Emerging disruptive technologies are also creating new industries and we can take advantage of this to further attract FDIs to the sector,” Shittu said.

    Mr Nuhu Ribadu, former Chairman, Economic and Financial Crimes Commission (EFCC) in his keynote address, said effective regulation was required for effective development of any economy.

    Ribadu said that government needed to explore every available means to fight corruption, adding that modern technologies could mitigate the incidences of corruption.

    “Government can deploy Block Chain, Internet of Things, Artificial Intelligence, Cloud Technology and Deep Data Analytics in detecting corruption especially in resources within the public service,” he added.

    The former EFCC chairman said that fighting corruption required incorruptible leadership at the highest level.

    According to him, the EFCC, through the use of modern technology, has 191 convictions within eight months, over N20 billion funds recovered and over 800 ongoing cases on financial crimes, as well as corruption.

    Ribadu, however, called on Federal Government to ensure that men of integrity and character were placed in positions of leadership to mitigate against incidences of corruption for national development.

    President Muhammadu Buhari declared the event open and commended NITDA on its regulation, clearance mandate of indigenous product, and urged the agency to be firm.

    Buhari, however, said Ministries, Departments and Agencies which refused to subject their IT projects to regulations and clearance must face the law.

    He added that the Federal Government was serious about fighting corruption.

     

  • Buhari’s ICT policies saved Nigeria N30bn, says NITDA Boss

    Buhari’s ICT policies saved Nigeria N30bn, says NITDA Boss

    Director General of the National Information Technology Development Agency (NITDA), Dr Isa Pantami, has lauded President Muhammadu Buhari for the issuance of the Presidential Executive Order 003 and 005.

    TheNewsGuru (TNG) reports Pantami lauded Buhari in his remarks at the opening of the three-day 11th edition of e-Nigeria International Conference and Exhibition organized by the NITDA at the International Conference Centre (ICC) in Abuja.

    The conference has “Promoting Digital Economy in an Era of Disruptive Technologies through Effective Regulation” as its theme.

    The Executive Order 003 mandates all ministries, departments and agencies to give preference to locally manufactured goods and services in their procurement of information technology services, in order to strengthen its implementation as well as provide clear policy directions.

    Presidential Executive Order 005 which was also issued in February, is part of the administration’s deliberate efforts and strong commitment at strengthening the role of Science, Technology and Innovation in the country’s socio-economic development.

    According to him, Federal Government is working to reposition the country from a resource-based to knowledge-based economy through the deploying of Information Technology.

    Pantami disclosed that over N30billion had so far been saved by the federal government following the implementation of its IT and ICT policies and programme.

    He said “the Information Technology sector under the administration of President Buhari has enjoyed tremendous support by approving Executive Orders to encourage indigenous products.

    “Through the approval of those executive orders, the IT sector has contributed 12.41 per cent to the Gross Domestic Product in the first quarter of 2018.

    “In the second quarter, IT sector contributed 13.63 per cent to the GDP and from Dec. 31, 2017 to Aug. 31, 2018, NITDA was able to save over N30 billion for the Federal Government”.

    He added that the agency was repositioning the IT sector through digital inclusion, IT regulation, digital job creation, cyber security, digital capacity building, among other intervention strategies.

    Declaring the conference open, President Buhari commended the NITDA, while warning that the Federal Government would sanction public establishments found to have breached its IT Clearance policy.

    It will be recalled that in April 2006, the Federal Government directed that all MDAs planning to embark on any IT project should obtain clearance from the National Information Technology Development Agency (NITDA) for proper guidelines on the purchase of local IT products and services.

    NITDA, therefore, has a mandate to clear IT projects and procurement of IT products and services in MDAs for quality service delivery.

    Buhari said that the warning became necessary in view of his administration’s determination not to fail in its quest to eliminate corruption in government businesses and in the wider society.

    He noted that NITDA’s initiative focused on the Registration of IT Contractors and Service Providers in collaboration with other regulatory bodies with special emphasis on competencies.

    According to him, this will ensure the delivery of quality IT projects, as well as facilitate the development of indigenous IT companies in line with global best practices.

    “You may also recall the remark about NITDA’s efforts at enforcing Federal Government’s directive on ensuring that all ICT projects in the country are cleared by it before implementation.

    “This will ensure that government’s ICT procurements: Are transparent; Aligned with government’s IT shared vision and policy; Lead to cost savings through promotion of shared services; avoid duplication; ensure compatibility of IT systems and improve efficiency in government business; enforce the patronage of indigenous companies where capacity exists and uphold the highest standards for service delivery.

    “In this administration’s efforts at ensuring full realisation of these objectives, a new circular was issued in August this year, to reiterate this directive.

    “NITDA is expected to work with all relevant government agencies to ensure full compliance with this directive. Defaulters of IT Clearance among the public establishments are to be reported to government.

    “We are serious about fighting corruption. We must not fail in our quest to eliminate corruption in government businesses and in the wider society.’’

    The President lauded NITDA’s work on the Nigerian ICT Innovation and Entrepreneurship Vision that focuses on the development of Digital Infrastructure, Education Reform, Skills Development and Research and Development as well as supporting the ecosystem.

    He stressed the need for the public service to be highly competitive, innovative and digitally-enabled to deliver public services and effectively drive government programmes and policies.

    Buhari observed that NITDA and other relevant government agencies had taken this up by creating the enabling environment through the development of policies, frameworks, standards and guidelines.

    He said, “I am aware that some of these regulatory instruments have been subjected to critical scrutiny and revision through a series of stakeholder engagements.”

    He, however, maintained that efforts should be intensified to make them public and to sensitise the public about the value of the regulatory instruments.

    The President noted with delight the enforcement of the use of the policy on Treasury Single Account (TSA), the Integrated Payroll and Personnel Information System (IPPIS) and the Bank Verification Number (BVN) and the impact they had made on the administration’s public financial management reforms.

    Buhari added that the consolidation of accounts and elimination of ghost workers that resulted in a combined monthly savings of about N24.7 billion, the TSA facilitated the recovery of huge sums of money, including the N1.6 billion that was recently recovered from a single account.

    He said the policy initiatives had reinforced his administration’s fight against corruption by ensuring transparency and accountability in government business transactions.

    According to the President, the success of his administration’s Social Investment Programme, which is seen in many quarters as the largest and most ambitious social safety net programme in recent history, relies heavily on the application of ICT.

    He observed that the components of programmes such as the N-Power, Government Enterprise and Empowerment Programme (GEEP), the Home Grown School Feeding Programme (HGSFP) and the Conditional Cash Transfer (CCT) all leverage on ICT.

    He disclosed that the programmes had so far benefited over nine million Nigerians.

    The president revealed that the NITDA, in collaboration with the National Social Investment Office (NSIO), was coordinating federal government’s initiative of establishing eight Innovation Hubs.

    He added that the eight Innovation Hubs would be sited one in each of the six geo-political zones and one each in Lagos and Abuja.

    President Buhari explained that the purpose of establishing these hubs was to facilitate digital capacity building for immediate employment, entrepreneurial skills development, job and wealth creation.

    “All these are aimed at promoting the digital economy in an era of disruptive technology through effective regulations,’’ he said.

    The president, therefore, enjoined the Conference to come up with “innovative ideas, workable and implementable recommendations that would help and enhance government’s efforts at creating the enabling environment for the promotion of the digital economy in an era of disruptive technologies, considering our peculiarities as a country.’’

     

  • Buhari warns MDAs against breaching FG’s IT Clearance policy

    Buhari warns MDAs against breaching FG’s IT Clearance policy

    President Muhammadu Buhari on Monday declared open the 2018 e-Nigeria International Conference and Exhibition, with a warning that the Federal Government would sanction public establishments found to have breached its IT Clearance policy.

    The President gave the warning in Abuja at the e-Nigeria International Conference and Exhibition, organised by the National Information Technology Development Agency (NITDA) at the International Conference Centre (ICC).

    It will be recalled that in April 2006, the Federal Government directed that all MDAs planning to embark on any IT project should obtain clearance from the National Information Technology Development Agency (NITDA) for proper guidelines on the purchase of local IT products and services.

    NITDA, therefore, has a mandate to clear IT projects and procurement of IT products and services in MDAs for quality service delivery.

    Buhari said that the warning became necessary in view of his administration’s determination not to fail in its quest to eliminate corruption in government businesses and in the wider society.

    He noted that NITDA’s initiative focused on the Registration of IT Contractors and Service Providers in collaboration with other regulatory bodies with special emphasis on competencies.

    According to him, this will ensure the delivery of quality IT projects, as well as facilitate the development of indigenous IT companies in line with global best practices.

    “You may also recall the remark about NITDA’s efforts at enforcing Federal Government’s directive on ensuring that all ICT projects in the country are cleared by it before implementation.

    “This will ensure that government’s ICT procurements: Are transparent; Aligned with government’s IT shared vision and policy; Lead to cost savings through promotion of shared services; avoid duplication; ensure compatibility of IT systems and improve efficiency in government business; enforce the patronage of indigenous companies where capacity exists and uphold the highest standards for service delivery.

    “In this administration’s efforts at ensuring full realisation of these objectives, a new circular was issued in August this year, to reiterate this directive.

    “NITDA is expected to work with all relevant government agencies to ensure full compliance with this directive. Defaulters of IT Clearance among the public establishments are to be reported to government.

    “We are serious about fighting corruption. We must not fail in our quest to eliminate corruption in government businesses and in the wider society.’’

    The President lauded NITDA’s work on the Nigerian ICT Innovation and Entrepreneurship Vision that focuses on the development of Digital Infrastructure, Education Reform, Skills Development and Research and Development as well as supporting the ecosystem.

    He stressed the need for the public service to be highly competitive, innovative and digitally-enabled to deliver public services and effectively drive government programmes and policies.

    Buhari observed that NITDA and other relevant government agencies had taken this up by creating the enabling environment through the development of policies, frameworks, standards and guidelines.

    He said, “I am aware that some of these regulatory instruments have been subjected to critical scrutiny and revision through a series of stakeholder engagements.”

    He, however, maintained that efforts should be intensified to make them public and to sensitise the public about the value of the regulatory instruments.

    The President noted with delight the enforcement of the use of the policy on Treasury Single Account (TSA), the Integrated Payroll and Personnel Information System (IPPIS) and the Bank Verification Number (BVN) and the impact they had made on the administration’s public financial management reforms.

    Buhari added that the consolidation of accounts and elimination of ghost workers that resulted in a combined monthly savings of about N24.7 billion, the TSA facilitated the recovery of huge sums of money, including the N1.6 billion that was recently recovered from a single account.

    He said the policy initiatives had reinforced his administration’s fight against corruption by ensuring transparency and accountability in government business transactions.

    According to the President, the success of his administration’s Social Investment Programme, which is seen in many quarters as the largest and most ambitious social safety net programme in recent history, relies heavily on the application of ICT.

    He observed that the components of programmes such as the N-Power, Government Enterprise and Empowerment Programme (GEEP), the Home Grown School Feeding Programme (HGSFP) and the Conditional Cash Transfer (CCT) all leverage on ICT.

    He disclosed that the programmes had so far benefited over nine million Nigerians.

    The president revealed that the NITDA, in collaboration with the National Social Investment Office (NSIO), was coordinating federal government’s initiative of establishing eight Innovation Hubs.

    He added that the eight Innovation Hubs would be sited one in each of the six geo-political zones and one each in Lagos and Abuja.

    President Buhari explained that the purpose of establishing these hubs was to facilitate digital capacity building for immediate employment, entrepreneurial skills development, job and wealth creation.

    “All these are aimed at promoting the digital economy in an era of disruptive technology through effective regulations,’’ he said.

    The president, therefore, enjoined the Conference to come up with “innovative ideas, workable and implementable recommendations that would help and enhance government’s efforts at creating the enabling environment for the promotion of the digital economy in an era of disruptive technologies, considering our peculiarities as a country.’’

    In his remarks, the Director-General of NITDA, Dr Isa Pantami, lauded President Buhari for the issuance of the Presidential Executive Order 003 and 005.

    The Executive Order 003 mandates all ministries, departments and agencies to give preference to locally manufactured goods and services in their procurement of information technology services, in order to strengthen its implementation as well as provide clear policy directions.

    Presidential Executive Order 005 which was also issued in February, is part of the administration’s deliberate efforts and strong commitment at strengthening the role of Science, Technology and Innovation in the country’s socio-economic development.

    Pantami disclosed that over N30billion had so far been saved by the federal government following the implementation of its IT and ICT policies and programme.

    The conference has “Promoting Digital Economy in an Era of Disruptive Technologies through Effective Regulation” as its theme.

     

  • 2500 ICT decision-makers work-as-one to advance power of tech

    The International Telecommunication Union’s (ITU’s) 20th Plenipotentiary Conference (PP-18) opened today with a global call for the world to “act as one” to connect the world’s nearly four billion people who remain unconnected to the Internet.
    Information and communication technologies (ICTs) are already empowering billions of individuals around the world – by providing access to education, health care, e-government and mobile banking, among many other key services.
    “Holding the ITU Plenipotentiary Conference in the United Arab Emirates is a testament from the ITU and the international telecommunications community to the UAE’s achievements in the field of rational use of telecommunications technology for the benefit of humanity, state building, as well as the economy and civilization,” said H.E. Talal Humaid Belhoul, Chairman of the Board of Directors of the UAE Telecommunications Regulatory Authority (TRA), on behalf of the Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.
    “New technologies like 5G, Artificial Intelligence, Big Data and the Internet of Things will change how we live, work and learn in ways that have yet to be imagined. And ITU is in the front seat. The challenge before us today is to ensure that these technologies and ICTs in general continue to be a source for good for everyone across the world,” said Houlin Zhao, ITU Secretary-General. “May we always remember that we are stronger together – that what unites us is the common vision of a connected world, where information and communication technology is a source for good for everyone everywhere.”
    The Plenipotentiary Conference is the highest decision-making body of ITU, the United Nations specialized agency for ICTs. Held every four years, the Conference is the key event at which ITU Member States build consensus on key international ICT issues, elect leaders for the Union’s top posts, and decide on a roadmap for ITU’s work over the next four-year period, including strategic and financial plans.
    “We face a crucial challenge: harnessing the benefits of new technologies for all, while safeguarding against the risks from their misuse. Digital technologies have a crucial role to play in accelerating progress towards the Sustainable Development Goals,” said António Guterres, United Nations Secretary-General, in a video message to the global audience. “I recently established a High-Level Panel to help advance digital cooperation across the globe, as well as across disciplines and stakeholder groups. Together, we can nurture a digital future that is safe and beneficial for all,” he concluded.
    H.E. Hamad Obaid Al Mansoori, TRA Director General and Chairman of the Board of the Mohammed Bin Rashid Space Centre addressed the Conference via video message from Japan, where the UAE today successfully launched into orbit “KhalifaSat”, a remote sensing Earth-observation satellite.
    ITU is unique in the United Nations family in bringing together 193 Member States, over 700 private sector companies and more than 150 academic institutions. It plays an integral role in enabling the development and implementation of ICTs worldwide by: coordinating the shared global use of the radiofrequency spectrum; promoting international cooperation in assigning satellite orbits; working to improve communication infrastructure and digital skills everywhere; and establishing worldwide standards that foster seamless interconnection of a vast range of communication systems.
    More than 2500 participants are expected to attend PP-18, including heads of government, ministers and other delegates from most of ITU’s 193 Member States, as well as representatives from private companies, academic institutions and national, regional and international bodies. PP-18 takes place from 29 October to 16 November, and is being held at the Dubai World Trade Centre, Dubai, UAE.
     

  • Global Competitiveness: Nigeria ranks 107 in ICT adoption

    Nigeria has been ranked 123rd in adoption of Information and Communications Technology (ICT) out of 140 countries assessed in the 2018 Global Competitiveness Report (GCR) of the World Economic Forum (WEF).
    TheNewsGuru (TNG) reports the GCR is an annual ranking which compares the national competitiveness environment of 140 countries based on 12 pillars – four grouped under basic requirements, six under efficiency enhancers and two under innovation and sophistication factors.
    GCR ranked countries on the ICT adoption pillar based on mobile-cellular telephone subscriptions, mobile-broadband subscriptions, fixed-broadband Internet subscriptions and fiber-to-the-home/building Internet subscriptions.
    According to the GCR, Nigeria, with 25.7% of Internet users and ranking in 107th position in number of Internet users out of the 140 countries surveyed, emerged in 123rd position with the score of 26.2 over 100 in ICT adoption.
    The 2018 GCR of the WEF placed the population of Internet users in Nigeria at 48 million out of 188.7 million people.
    While 75.9% of Nigerians are connected to the Internet through mobile-cellular telephone subscriptions, 19.9% are connected through mobile-broadband subscriptions.
    According to the GCR, no Nigerian is connected to the Internet using fixed-broadband Internet subscriptions and fiber-to-the-home/building Internet subscriptions.
    Overall, Nigeria ranked 115th out of the 140 countries assessed in the 2018 GCR of the WEF, and the country improved in three out of four pillars classified as Enabling Environment pillars: Institutions, Infrastructure, ICT adoption and macro-stability pillars.
    Meanwhile, speaking on Monday at the 24th Nigerian Economic Summit (NES), Nigeria’s Vice President Yemi Osinbajo said in the past two years, the President Muhammadu Buhari’s government has spent quite a bit of time and resources looking at how to prepare for a technology-driven future.
    “We have launched one of the most aggressive drives for promoting business in the tech space. We have partnered with local and international tech companies and innovators, in the building of tech hubs, and promoting innovation.
    “Our aim is to democratize access to support for innovation and cyber commerce and to create jobs,” Osinbajo stated.
     

  • Global competitiveness: Nigeria ranks 115th out of 140 countries

    Nigeria has been ranked 115th out of 140 countries assessed in the 2018 Global Competitiveness Report (GCR) of the World Economic Forum (WEF), a statement has said.
    The statement issued by Dr Jumoke Oduwole, Senior Special Assistant to the President on Industry, Trade and Investment, Office of the Vice President, on Monday in Abuja said that the report was released on Oct. 17.
    She said that the report showed improved performance across key enabling business environment indicators and suggested an overall improvement in the country’s competitiveness.
    The GCR is an annual ranking which compares the national competitiveness environment of 140 countries based on 12 pillars – four grouped under basic requirements, six under efficiency enhancers and two under innovation and sophistication factors.
    Oduwole listed the insights that could be drawn from the 2018 report about Nigeria’s improving competitiveness.
    “Nigeria improved in the area of `Enabling Environment, the country improved in three out of four pillars classified as Enabling Environment pillars — Institutions, Infrastructure, ICT adoption and macro-stability pillars.
    “This recognises the enabling business environment reforms of the Federal Government in making Nigeria an easier place to do business in.
    “`Nigeria is ranked top 100 in terms of `Business Dynamism’.
    “The report further acknowledges the positive perception of the private sector for the government’s Doing Business reforms, by scoring improvements in the time and cost of starting a business in the country.
    “Nigeria’s inflation rate has steadily declined to near single-digits since 2017.
    “Although the report records Nigeria’s annual inflation rate at 16 per cent in 2017, it is important to note that inflation has progressively declined in 2018 to a current rate of 11.28 per cent as at September.
    “Nigeria’s competitive environment is one of the most entrepreneurial in the world.
    “The feedback from the private sector as surveyed by WEF ranks the attitude of Nigerians for taking entrepreneurial risk as the 13th in world among the likes of Israel and the U.S., which are currently in first and second positions respectively.’’
    She said that the report aligned to the broader private sector-led growth model of the Federal Government stemming from the Economic Recovery and Growth Plan (ERGP) launched in April, which prioritises investing in the people.
    According to Oduwole, who is also the Secretary of the Presidential Enabling Business Environment Council (PEBEC), Nigeria’s market size remains an increasing source of competitive advantage in the global economy.
    She said that the report ranked the Nigerian market as 24th largest in the world.
    Quoting the National Investment Promotion Commission (NIPC), she said that between 2017 and the first half of 2018, about 154 investment projects had been announced across the country with an estimated value of about $112 billion.
     

  • Post remains veritable means of communication

    Post remains veritable means of communication

    The Nigerian Postal Service (NIPOST) on Tuesday said the post still enjoyed relevance as a veritable means of communication in spite of the dominance of Information and Communication Technology (ICT).
    The Zonal Manager, NIPOST Kaduna, Mr Steven Mbaya made this known during the World Post Day, which had the theme: “The Post: Delivering good to the world”.
    Mbaya said that the day was set aside to showcase the gains, challenges and prospects of the post in today’s contemporary world.
    “It is no longer news that businesses are transacted via internet but the post still completes the circle,” he said.
    He said that the post had taken advantage of the opportunities provided by ICT to enhance its service delivery by remodeling its service to suit the demands of customers.
    According to him, NIPOST had remodeled its traditional money order to an online electronic money transfer which involved deposits and withdrawals from any bank in Nigeria.
    Mbaya said that items sent through the post could be monitored through track and trace mechanism from the point of dispatch to that of delivery.
    “All these innovations are as a result of proliferation of the internet which we see complimenting the services rather than the erroneous perception that it impedes on the post,” he stressed.
    The Director-General, International Postal Union (IPU), International Bureau, Mr Bishar Hussein stated that the post which had been a major player in global e-commerce had enjoyed customers’ trust as reliable and affordable.
    He therefore encouraged everyone to appreciate postmen and women whose daily dedication had facilitated communication between all citizens.
    “As we mark World Post Day today, let us celebrate trust, reliability and security as the hallmark of postal services worldwide,” he said.