Tag: ICT

  • Huawei develops technology to tackle oil theft in Nigeria

    Huawei develops technology to tackle oil theft in Nigeria

    Chinese technology company, Huawei Technologies on Tuesday said it had developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria.

    Mr Li Wei, Director of Huawei Nigeria Enterprise Business, made this known at a news briefing on the sidelines of the ongoing Nigerian International Energy Summit (NIES) on Tuesday in Abuja.

    Wei said: “Huawei-developed fibre vibration intrusion warning system uses Artificial Intelligence to identify intrusion scenarios accurately.

    “With high identification precision, accurate positioning, and quick response, it will help to ensure pipeline safety and reduce theft and vandalism.’’

    According to him, Huawei will continue to support the digital transformation of Nigeria’s oil and gas industry by developing Information and Communications Technology (ICT) solutions.

    “Faced with the ongoing volatility of international oil prices, Huawei believes that the digital transformation of Nigeria’s upstream sector is a top priority.

    “In response to the strategy proposed by the Nigerian government and oil companies, Huawei promotes the digital oilfield Internet of Things and Exploration and Production storage solutions.

    “This will help oil and gas companies to achieve real-time visualised production, improve production efficiency, reduce production costs, and optimise production resource allocation to improve oilfield production.’’

    Wei said in addition to providing high-quality ICT solutions and services, Huawei actively support the Nigerian government in building a talent ecosystem.

    He said the company had signed an ICT academy agreement with more than 110 universities and schools and had trained more than 1,000 civil servants and 40,000 young students in Nigeria.

    “We hope to build a strong talent base camp to promote Nigeria’s digital economy development,’’ Wei added.

  • FG gives NCC 6 months deadline to get innovative solutions in ICT

    FG gives NCC 6 months deadline to get innovative solutions in ICT

    The Federal Government on Monday gave six months deadline to the Nigerian Communications Commission (NCC) to come up with innovative solutions in Information Communications Technology (ICT).

    Prof. Isa Pantami gave the deadline at a maiden Telecommunications Based Research and Prototype Exposition in Abuja.

    Reported that, 10 of the prototypes, fully developed and ready for phase of market entry were presented and exhibited.

    The theme of the programme is: “The Drive Towards Commercialisation of Telecoms Research for Sustainable Development in the Industry”.

    Pantami urged stakeholders to continuously refine the roles of players in the nations National System of Innovation by creating new models and incentives.

    He said that this would guarantee objectives of the National Policy for the promotion of indigenous content in the Nigerian Telecommunications Sector.

    “I do hope that the next event will not be about the prototype but adopting the solution.

    “I will give NCC only six months from today for not only prototyping but solution and make it a national policy that this is what we have produced.

    “We have the brain, we have the capacity and we need to support each other to move this country forward.

    “We must continue to refine the roles of players in the nation’s National system of Innovation by creating new models and incentives.

    “This will guarantee we achieve the objectives of the National Policy for the promotion of indigenous content in the Nigeria Telecommunications sector,” he said.

    He called on tertiary institutions that benefit from research grants to deeply consider commercialisation of research prototypes.

    “I must reiterate that successful commercialisation of these prototypes will require requisite managerial and industrial competences as well as adequate funding.

    “It is, therefore, necessary for the tertiary institutions that benefit from research grants to deeply consider the commercialisation of the research outcomes (prototypes).

    “This means that collaborations and partnerships are necessary for commercialisation,” Pantami said.

    In his remarks, the Executive Vice-Chairman, NCC, Prof. Umar Danbatta, explained that the exposition was aimed at providing the necessary opportunity for the academic awardees of the Commission’s Telecoms-based research projects.

    Danbatta said it was for them to display already developed prototypes and pitch ongoing research to the industry stakeholders.

    He noted the importance of having a commercialisation strategy to transit from rudimentary research into the market in order to address the local challenges and reduce over dependence on imported innovations and technologies.

    “This is to encourage the commercialisation of these locally-developed telecommunications innovations as a way of fostering and deepening the indigenous technological capabilities of Nigerians.

    “It is to support the overall growth of the industry and creating wealth for the spin-off companies.

    “This forum will further provide opportunities for collaborative partnerships amongst the various stakeholders that are capable of stimulating the overall productivity and sustainability for the continuous growth of the industry,” he said.

    The Regional Manager, Bank of Industry Ltd, Dr Kings Jack, pledged the Bank’s support and called on government and other stakeholders to increase investment in the telecommunications research and development as well as market for investment.

    One of the lead researchers from Ahmadu Bello University (ABU), Zaria, Prof. Sahalu Junaidu, developed an e-band tracker and monitoring system specifically for pilgrims.

    Junaidu said that the e-band was to ease the identification of people and would also help the authorities in the management of persons on pilgrimage.

    He, however, said that the project would be made generic so that it would cut across different areas.

  • ICT firm ‘Skuul-To-Net Technology’,  sets to launch first ICT reality show for African youths

    ICT firm ‘Skuul-To-Net Technology’, sets to launch first ICT reality show for African youths

    The first Information and Communication Technology (ICT) reality game show for youths in Africa, is set to launch, as an ICT firm, “Skuul-To-Net Technology” has disclosed that it has concluded plans for the game.

    Mr John Uruakpa the Executive Director of the firm made this known to newsmen on Monday in Enugu, stating that the game show will be tagged; “The Revolution Africa”.

    Mr John Uruakpa in his words said “We are bringing the first of its kind ICT reality show that would showcase the abundant ICT and innovative talents of young Africans.

    “The reality show would last for about four months and the actual housing of the 16 housemates would be for six weeks or there about after the audition of everybody who applied.

    “Everything about the show would be on regular television, internet streaming and App streaming so that people all over the world can follow minute-by-minute the show to have something they learn daily about ICT and innovation.

    “I sincerely believe that it would be the biggest and most watched reality show as the housemates will engage in daily ICT and innovative tasks meant to bring out their innate abilities and ingenuity for about six weeks,” he said.

    Uruakpa, who said that the prize money for the winner and runners-up will run into millions, however, did not disclose the amount involved.

    “We are not concentrating on the prize money; but the annual dollar employment and contract it will expose the housemates to and the global fame the reality show will push the housemates into,” he said.

    He noted that the reality show is open to partnership and sponsorship, adding that the firm is looking at sponsorship and partnership beyond Nigeria and Africa.

    “We are looking and making contact with ICT and innovative multi-national companies and global giants that would come in and be part of the success story of the reality show,” he added.

  • How to live and lead in the future – Danbatta

    How to live and lead in the future – Danbatta

    The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has advised Nigerian youths to embrace and utilise Information and Communication Technology (ICT).

    TheNewsGuru.com (TNG) reports Danbatta gave the advice while reckoning that 70 per cent of the new value to be created in the economy over the next decades will be based on digitally-enabled platform business models.

    The NCC boss stated unequivocally that the Commission was focused on implementing all sectoral interventions focused on ICT youth empowerment.

    Danbatta made this declaration while delivering the 10th and 11th combined Convocation Lecture of Fountain University, Osogbo, Osun State.

    He asserted that the resolve of the Commission to pursue very vigorously a bouquet of ICT programmes focused on the youth is based on the projected opportunity for the youth in the emerging ICT-based labour market.

    Danbatta recalled that statistics from Global System for Mobile Communication Association (GSMA) and the World Economic Forum (WEF) have indicated that unique mobile subscriptions are expected to grow up to 5.7 billion by 2025 with concurrent growth in Subscriber Identity Module (SIM) connections, and Internet subscriptions and corresponding growth in operators’ revenue and investment.

    The CEO of NCC also said that fourth generation (4G) connections are expected to grow to 57 per cent; Fifth Generation (5G) is also envisaged to have 1.8 billion connections; usage of smartphones are projected to grow to 81 per cent; Internet of Things (IoT) will grow from 13.1 billion to 24 billion connections; and contribution to Gross Domestic Product (GDP) by the mobile industry is expected to grow by, at least, 5.1 per cent by 2025.

    The implications of the foregoing, according to Danbatta, is a huge, incredible opportunity for youth to own businesses.

    “Therefore, while NCC is working collaboratively and strategically with its supervising ministry, Federal Ministry of Communications and Digital Economy, it is also working with young Nigerians to prepare them for harnessing these opportunities for personal and national prosperity. It is this huge prospect that informed NCC to institute a number of initiatives and interventions targeting the youth in a unique and unprecedented institutionalisation of strategic collaboration and partnership,” he said.

    The programmes, according to Danbatta, include the ICT Hubs Support and Engagement, which is a forum that brings together key players, actors and the youths in Nigerian tech-ecosystem to deliberate and suggest policy framework and strategies that could further develop the sector to catalyse improved local content in the ICT/telecommunications sector.

    There is also the annual ICT Innovation Competition and Exhibition aimed at facilitating sustainable digital start-ups development through a platform to showcase their digital innovative solutions.

    Also, the Annual Hackathon is designed to challenge start-ups and tech hubs in Nigeria to produce impactful and sustainable innovative solutions that will address common societal challenges using digital technologies.

    Danbatta said the ICT Park Project being built across the six geo-political zones of the country to boost digital skills among young people, promote innovation, provide jobs for young Nigerian and ultimately support the Federal Government Digital Agenda is equally a strategic programme focused on harnessing and optimising the youths’ creative energy for development.

    Other related projects in this regard include the NCC National Essay Competition engaging undergraduates in Nigerian tertiary institution to explore and enhance research in tertiary institutions and build capacity.

    In addition, the school support programmes which include the Digital Awareness Programme (DAP), a special intervention initiated as a Corporate Social Responsibility (CSR) project in response to the digital information knowledge gap observed in the country; as well as the Advanced Digital Appreciation Programme for Tertiary Institutions (ADAPTI), instituted to bridge the knowledge skill gap in higher institutions of learning, largely target the youth and students.

    Accordingly, Danbatta called on the youth to consciously take note of emergent segments in ICT that are available for them to explore. These, according to him, include Blockchain, Artificial Intelligence (AI), Cloud computing, Internet of Things (IoT) and Big Data.

    He also enjoined youths and students to pay attention not only to any of those technology segments but also their overlapping variables such as hyper-connectivity, super-computing, cybersecurity, and smarter world such as robotics, 3D printing, and sensors – which are at the heart of the circular economy.

    In recognition of the innovative minds of Nigeria’s huge youth population, Danbatta said the NCC had put all the ICT youth empowerment initiatives to support a digitally-skilled workforce that will fit into the Digital Economy Project of Nigeria. “The Commission is committed to fostering partnership and collaboration with the technology hubs and startups, to accelerate innovations and the creation of a digitally-skilled workforce for industrial growth and sustainable development of the nation,” the EVC said.

  • Kano govt to establish ICT Girls Secondary School – Commissioner

    Kano govt to establish ICT Girls Secondary School – Commissioner

    Kano State Government has announced plans to establish an Information and Communication Technology (ICT) Girls Day Secondary School, to boost ICT education among women in the state.

    The Commissioner for Education, Alhaji Sanusi Sa’idu-Kiru, made the disclosure while reviewing activities of the ministry in 2021, on Saturday in Kano.
    Sa’idu-Kiru said that the school project sited at Kofar-Na’isa area of Kano metropolis had reached advanced stage of completion.
    He said that about N300 million would be expended on the maiden school project, adding that it was designed to admit 360 students.
    “The school will take up anytime from now because contractors are already on-site,” he said.
    Sai’du-Kiru said the state government had renovated various schools including Government Girls Secondary School, Huguma and Government Girls Arabic Secondary School, Lakwaya, among others.
    He said that the government had also constructed Prof. Hafsat Umar Ganduje Girls Secondary School and another one in Dala Local Government Area, to enhance girl child education.
    While mega secondary schools would be established in each of the five emirate councils in the state.
    “The one for Kano Emirate will be located at Filin-Bola along Court Road at the cost of N300 million, works have reached an advanced stage,” he said.
    The Commissioner reiterated government commitment to accord premium to education sector to fast track sustainable social and economic development of the state and the country.
  • 2022: We will intentionally leverage ICT to create jobs – Buhari

    2022: We will intentionally leverage ICT to create jobs – Buhari

    Nigeria’s President Muhammadu Buhari has said in the year 2022 and going forward, his administration would intentionally leverage ICT platforms to create jobs.

    TheNewsGuru.com (TNG) reports President Buhari made this known in his statement to the nation on New Year’s day.

    In the statement, Buhari stressed that the administration will also ensure the diversification of the economy to create more support to other emerging sectors.

    The president highlighted the ups and lows of the administration in the outgone year, stressing that 2022 envisions a year of continued progress.

    Read full text of Buhari’s New Year speech below:

    PRESIDENT MUHAMMADU BUHARI’S STATEMENT TO THE NATION ON JANUARY 1, 2022

    We remain grateful to the Almighty God for yet another Year attained as a country, united by a common destiny and resolute in our determination to overcome the several challenges along the path to build the great and prosperous Nation of our dream.

    2. I salute the courage and resilience of all Nigerians, which was evident in 2021 as this nation, like other countries of the world, faced significant challenges that occurred as a consequence of the COVID-19 pandemic and the efforts to restore the global economy and social order.

    3. The persistent insecurity in certain parts of the country may have threatened to unravel the incremental gains achieved in the real sectors of the economy and in the administration’s overall objective to position the nation on the irreversible trajectory of sustainable growth and progress, but I assure you that we will remain resolute in our commitments and shall continue to press ahead with our programmes and plans.

    4. The path to nationhood is often fraught with unpredictable difficulties and challenges, and most tried and tested nations have often prevailed through dogged determination, resilience, concerted commitment to unity, and the conviction that the whole of the nation, standing together against all odds, is by far greater and would ultimately be more prosperous and viable than the sum of its distinguishable parts.

    5. There is no doubt that the issue of Security remains at the front burner of priority areas that this Administration has given utmost attention to. As a follow up to our promise to re-energize and reorganize the security apparatus and personnel of the armed forces and the police, it is on record that this Administration has invested heavily in re-equipping our military in line with upgrading the platforms and firepower required to tackle the current challenges being faced in the country.

    6. The net results of these efforts have been the number of insurgents and bandits who have willingly surrendered to our Security Forces and continue to do so through various channels and the Safe Corridor created for that purpose.

    7. Government, however, realizes that victory on the battlefield is just one aspect of sustainable victory. We know that to fully win this war, we must also win the peace and real security lies in winning the hearts and minds of the affected citizens. To this end, working with our international partners and neighbouring countries, we would be deploying multi-faceted solutions that will be targeted at addressing human security at the grassroots, before it leads to insecurity.

    8. Once again I would like to take a moment to remember and honour the gallant Military, Police Officers, and other security agents who have lost their lives in the cause of protecting the territorial integrity of this Nation against both internal and external aggressors, assuring their families that their sacrifices would not be in vain.

    9. We equally remember and commiserate with Nigerians who have lost loved ones as a result of insecurity in different parts of the country. Every life matters and every single death caused by any form of insecurity is a matter of personal concern to me both as a citizen and as the President of this great country.

    10. We remain fully committed to upholding the constitutional provisions that protect all Nigerians from any form of internal and external aggression.

    11. On the economy, we have shown a high level of resilience to record some significant achievements despite the turbulence that has characterized our economy and indeed the global economy. The lessons we have learned and keep learning from COVID-19 have encouraged us to intensify efforts to mitigate its socio-economic effects on our Nation.

    12. The major wins we have recorded can be clearly seen in Nigeria’s most recent Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS). The 4.03% growth recorded in the third quarter of 2021 is indicative of the recovery being recorded in our economy and the confidence that is being shown through the policies that our Administration has put in place after the outbreak of the pandemic.

    13. We may also recall that this recent growth is closely followed by the 5.1% (year on year) growth in real terms recorded by Nigeria in Quarter 2 of 2021. This growth was one of the best recorded by any nation across Sub-Saharan Africa. The 5.1% growth at that time was and remains the highest growth recorded by the Nigerian economy since 2014.

    14. Despite the challenges we have faced as a Nation, the good news is that we have so far recorded four consecutive quarters of growth after the negative growth rates recorded in Quarter 2 and Quarter 3 of 2020 due to the effect of the COVID-19 pandemic.

    15. On August 16, 2021 I signed the landmark Petroleum Industry Act into law. The signing of this legacy legislation is a watershed moment in the history of our Nation, considering the massive positive impact the new Act would have on the economy. I would like to sincerely commend the 9th Assembly for the grit they demonstrated, succeeding where others have failed, and the cooperation that led to the completion of this process after almost two decades.

    16. Just like I stated during the investment trips and fora that I have attended recently, the legislation is expected to serve as a liberalizing force in the energy industry, and we are optimistic that this law will provide the much-needed legal, governance, regulatory and fiscal framework for the development of the energy sector, the host communities, and Nigeria as a Nation. Our objective to increase Liquefied Natural Gas exports and expand our domestic market is still very much at the forefront of some of the policies we would be pushing in the new year.

    17. In year 2022 and going forward, our Administration would intentionally leverage ICT platforms to create jobs, while ensuring that the diversification of our economy creates more support to other emerging sectors. I am proud to announce that several foreign investors are taking advantage of our ranking as one of the leading start-up ecosystems in Africa to invest in our digital economy.

    18. We have given the utmost priority to fighting corruption and other related offenses which have been a bane to the growth and prosperity of our dear Nation. We have made major strides and breakthroughs through the innovative use of technology and forensics in the investigative and prosecutorial procedures with commendable results to show that the anti-corruption drive of our Administration is succeeding.

    19. In the meantime, the accomplishments that have been recorded so far can be traced to the dedication of the Nation’s anti-corruption Agencies who have received the necessary support needed to effectively prosecute their duties.

    20. Despite our challenges in 2021, it was also a year in which the Administration executed successfully, key projects, programmes, and initiatives to fulfil the promises made under the Security, Economy Anti-corruption (SEA) agenda.

    21. As we welcome 2022, let us, with hope, envision a year of continued progress against our combined challenges arising from security and socio-economic issues.

    22. As it is said, the past is but a story told, the future will still be written in gold. Let us be united in our fight to keep our Nation united against all odds and with gratitude, celebrate life in this new epoch.

    23. I wish you a very happy and prosperous New Year.

  • Why young Nigerians engage in crime – EFCC

    Why young Nigerians engage in crime – EFCC

    The Economic and Financial Crimes Commission (EFCC) has presented a major reason why young Nigerians engage in criminal activities.

    According to the EFCC, when young Nigerians who engaged in crime are arrested, one major reason they give for going into the crime is peer influence.

    The EFCC declared this in Abuja on Wednesday, while saying that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees.

    Mr Abbah Sambo, Head, Cybercrime Section of the EFCC, made the declaration at a national seminar on Banking and Allied Matters for judges.

    Sambo represented the EFCC chairman, Mr Abdulrasheed Bawa at the seminar.

    He said that most banking sector fraud handled by the commission showed that bank employees aided the acts.

    He also expressed regret at the increasing rate of cybercrime in spite of the best efforts by the commission to tackle it.

    Sambo observed that in year past, young people involved in cybercrime were not ICT savvy, but today, it is ICT graduates that are the champions in perpetrating the crime.

    He attributed the increase in cybercrime to moral decadence and peer group influence.

    “The rate at which young men are perpetrating cybercrime is seriously alarming.

    “When we arrest these criminals, one major reason they give for going into the crime is peer influence.

    “Their friends are into it and they want to run with guys that drive the best cars and have the best girls in town.

    “Most times when we arrest these criminals, we find them with a lot of assets that are registered in the names of their parents.

    “Cars in the names of their mothers and houses in the names of their fathers. There is a fundamental issue relating to decay in moral coverage in the society,’’ he said.

    Sambo said that the greatest challenge in fighting cybercrime was knowledge gap, noting that the criminals were getting more sophisticated.

    He said the criminals had the ability to talk to one other seamlessly by sharing knowledge, unlike law enforcement agencies.

    “A lot of the people trying to combat the crime in the field tend to lack the drive because they do not have the adequate training,’’ he said.

    He stressed the need for adequate sensitisation and engagement with youths, especially from secondary school level to let them know the ills of crime.

    The two-day seminar was organised by the Chartered Institute of Bankers of Nigeria in collaboration with the National Judicial Institute.

  • Digital economy initiative to make more Nigerian youths self-reliant – Danbatta

    Digital economy initiative to make more Nigerian youths self-reliant – Danbatta

    Prof Umar Danbatta, Executive, Vice-Chairman of the Nigerian Communications Commission (NCC), says the National Digital Economy Policy and Strategy (NDEPS) 2020 to 2030, is an important intervention approved by the Federal Government to make more Nigerian youths self-reliant.

    Danbatta, was quoted by Dr Ikechukwu Adinde, NCC Director of Public Affairs, as making this known during the North-West two-week training organised by the commission, aimed at implementing the Federal Government’s policy to lift Nigerians out of poverty, held at Kano Campus of Digital Bridge Institute (DBI).

    “We, therefore, express our profound appreciation to President Muhammadu Buhari and to our Ministry for making this particular training, which is a practical demonstration of one of the important pillars of the NDEPS 2020-2030, possible,” he pointed out.

    The NDEPS, is aimed at lifting Nigerians, particularly the youths, out of poverty.

    Danbatta urged the Nigerian youths, to put skills acquired as well as the Information and Communication Technology (ICT) tools received during the nationwide digital literacy training exercise to appropriate and legitimate use.

    The training, h said, is a brainchild of the Commission, held across each of the six geo-political zones of the country.

    Danbatta said the implementation of the recommendations of the committee of experts, as approved by the government, gave rise to the training, which targets 1,000 Nigerian youths to be digitally trained for self-employment.

    “The training has provided for you, useful skills, which you have acquired to earn a living for yourself without necessarily relying on government to give you a job. It is our hope at NCC that you will apply the skills appropriately and impact on your friends and associates.

    “I also urge you to resist the temptations to sell the laptops and other IT tools you are going to be provided with,” Danbatta told the participants.

    “It is consistent with this important policy of President Buhari that the Board of the NCC, two years ago, set up a committee of experts chaired by the former chairman, Ernest Ndukwe, to develop modalities and syllabus for the digital training of youths across the six geo-political zones of the country”.

    The objectives of the NDEPS are to support the digital literacy of Nigerian Citizens, Business and Government workers and enable them to acquire cutting edge digital skills.

    Others are to achieve a 95 per cent Digital Literacy Level in Nigeria within the next 10 years and to develop digital education curriculum to meet the current and future needs of the Digital Economy.

    Others include to ensure that indigenous technology companies are able to participate actively in the government funded technology programmes; and to ensure that the policy and regulatory instruments are fit–for–purpose and actually support the digital business environment.

  • Pantami expresses delight as ICT contributes 6.47% to GDP in 2021 Q1

    Pantami expresses delight as ICT contributes 6.47% to GDP in 2021 Q1

    The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight at the 6.47 per cent contribution by the ICT sector to the nation’s Gross Domestic Product (GDP) in the first Quarter of 2021.

    Pantami expressed this in a statement issued by Dr Femi Adeluyi, IT Technical Assistant to the Minister in Abuja.

    According to Pantami, the National Bureau of Statistics (NBS) Q1 report said Nigeria’s GDP grew by 0.51 per cent (year-on-year) in real terms in the first quarter of 2021,

    This, he said, marked two consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020.

    “In terms of contribution to aggregate GDP, the oil sector accounted for 9.25per cent of aggregate real GDP in Q1 2021, while the non-oil sector accounted for 90.75 per cent.

    “Growth in the non-oil sector was driven mainly by the Information and Communication, Telecommunication sector, while other drivers include agriculture, manufacturing of food, beverage and real estate.

    “Others are construction, human health and social services and it is worthy of note that the ICT sector grew by 6.47 per cent in Q1 2021, making it the fastest growing significant sector of the Nigerian economy,” it said.

    Other areas that grew the economy were Post and Courier Services which grew by 2.53 per cent, while it was noted that the services were under the supervision of the Ministry of Communications and Digital Economy, however listed under the transportation sector in the GDP report.

    The minister attributed the consistent positive performance of the ICT sector to the focused and committed support for the administration of President Muhammadu Buhari for the Digital Economy sector.

    “The Federal Government has provided an enabling environment for the ICT sector to thrive, through the development and implementation of relevant policies.

    “These include the National Digital Economy Policy for a Digital Nigeria, Nigerian National Broadband Plan and the Revised National Digital Identity Policy for SIM Card Registration, amongst others.

    “The GDP Report has shown that the ICT sector continues to serve as a catalyst for the growth and diversification of our economy,” Pantami said.

    He, however, congratulated the Chief Executive Officers of the parastatals under the Ministry and stakeholders on the consistent performance of the sector and encouraged them to continue supporting the policies of the Federal Government.

    The ICT had in 2020 contributed 17.83 per cent to the nation’s economy.

  • Osinbajo outlines FG’s support policies for development of ICT startups ecosystem

    Osinbajo outlines FG’s support policies for development of ICT startups ecosystem

    The Vice President Prof. Yemi Osinbajo has said that the Federal Government is to reconvene the Technology and Creativity Advisory Council on policies that would support the ecosystem for ICT startups in the country.

    Osinbajo said this on Thursday, at the Startup and Developer event organised by Google , with the theme “ The African Start-up Ecosystem Opportunity’’.

    Represented by Mr Kashifu Inuwa, Director-General of the National Information Technology Development Agency (NITDA), Osinbajo identified startups as tools for addressing the enormous challenges confronting Africa.

    He said the Federal Government was working with relevant stakeholders to ensure that startups received every support they required to take their ideas from inception to impact.

    “As part of our Ease of Doing Business Reforms, we instituted the Visa on Arrival Policy which allows any person outside ECOWAS to get a visa on arrival in Nigeria.

    “This policy means that all African startups and entrepreneurs seeking to expand their business into Nigeria will have a more straightforward process.

    “We are also re-convening the Technology and Creativity Advisory Council, made up of public and private sector stakeholders, to advise government on policies and programmes to support the ecosystem,’’ he said.

    He further said that through the work of the council, the Federal Government was also currently engaging with the African Development Bank (AfDB) to setup a $500 Million Innovation Fund.

    According to him, the fund will provide support for the ecosystem, across four pillars, including Infrastructure support, Finance, Skills Development and Technical Assistance.

    He explained that the African startup ecosystem opportunity was dependent on innovation capacity and entrepreneurial capacity, all anchored on the 4th industrial revolution and driven primarily by digital technologies.

    Both capacities, in turn, depend on four key indicators, which are human capital, infrastructure, funding and demand.

    Osinbajo added that human capital was the first indicator, by which African startups needed to realise that they were strong on the value of the human resources they have.

    He described the 3rd industrial revolution as pivotal to unprecedented global economic growth going on in the 21st century, as it disrupted traditional service delivery channels, accelerated the automation of factories and manufacturing processes, while using electronics and information technologies to expand the reach and create prosperity.

    The vice president decried Africa’s missing out on these developments, but expressed the hope that the 4th industrial revolution was another opportunity for Africa to leverage and develop its ICT startups ecosystem.

    “The 4th industrial revolution is shaping and creating economic activities. It is proving to be the catalyst for future economic activities that will bridge the divide between the rich and developing countries.

    “It will remove physical borders and barriers, while maximising the utilisation of digital technologies as a source of inspiration across economic sectors,’’ he said.

    Osinbajo noted that based on the startup Genome report, a global startup ecosystem report, Lagos was the most valuable startup ecosystem on the continent.

    He recalled the report saying that Lagos had between 400 to 700 active startups, valued at over $2 billon, with Fintech being the most prominent in the Lagos technology startups ecosystem.

    The vice president equally noted that other industries were emerging and opportunities for investment and disruption remained very high in the continent.

    He recalled that in 2019, the Federal Government launched the National Digital Economy Policy and Strategy (NDEPS) for a Digital Nigeria, as a sustainable roadmap to accelerate the development of a Digital Economy.

    The policy was designed to catalyse the digital ecosystem development in Nigeria and deepen innovation quality to promote innovation-driven enterprises that target the global market, he said,

    He added that by creating the enabling environment for startups to thrive, and through NITDA, the government was initiating programmes to ensure the deepening of digital economy agenda.