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Data Science Could Improve Nigeria’s Foreign Exchange – Adekanmbi

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Olubayo Adekanmbi, the Convener of Data Science Nigeria (DSN) has said that data science could be a major Foreign exchange earner for the country if it’s well harnessed.

 

He said that data science is the fastest growing in the world and by implication has huge demand for data scientist, this means that Nigeria can become an outsourcing hub for data scientist just like India is in software.

 

He stated this over the weekend at the Award night for the intercampus machine learning competition and deep learning hackathon organized by Data Science Nigeria in Lagos.

 

According to him, “The fact is that today in the world data science is the number one carrier, it is the fastest growing in the world.

 

“So the implication is that demand for data science is not met in the US, in the UK and in Canada, they are all looking for data scientist.

 

“Interestingly it’s predicted that by 2020 US will have about two million data analytic vacancies that they cannot fill.

 

“Why can Nigeria not become an outsourcing headquarters, where these projects can be outsourced because these things are virtual projects, they are data projects, they are not jobs that you have to there physically.

 

“So we can begin to create outsourcing businesses in Nigeria that will be doing these projects for all these international companies, like what is already happening in India and as we do that we will bring more forex into Nigeria and increase our GDP as a country and the multiplier effect of that will drive massive micro economic impact that will bring incremental social welfare and actually make our country much better.”

 

He added that aim of Data Science Nigeria is to raise new breed of experts who will contribute to driving the Nigerian narratives as far as Artificial intelligence is concerned.

 

Adekanmbi explained that in a few years from now greatness of any country will be directly proportional to their use of AI.

 

He said “if you look at what is happening in China, UAE and America, you will realize that the future belongs to the countries that use AI.

 

“This is why we’ve taken time to start investing in our talents before we go through another second slavery because we failed to uplift ourselves.”

 

He explained that Nigeria has raw talents that need to be harnessed so as to create the effect that will drive economy impact in the country.

 

Speaking on the sideline, Ismael Kone, Ivorian national who came to Nigeria from morocco to participate at the boot camp, explained that his reason for participating in data science Nigeria boot camp is in line with the common goal of solving African problem by Africans using AI.

 

Kone commended organizers of data science boot camp for putting together such gathering that will help Africans solve African problems,

 

He added that if this is sustained in Nigeria in the near future the country will becoming an AI Hub in Africa.

 

According to him, “we have the same mindset here in Africa of using AI to solve problems and this is something that have been in phases during this boot camp.

 

“I met a medical student in this camp and we are thinking about how we can do something about malaria and we know that, it is a big threat in our society right now, Ivory Coast is not left behind, we have the problem.

 

“So I think that with this kind of gathering, it will help us to empower Africans to talk about solving our problems.

 

“And I see in the near future a bright future for Nigeria, with all these people that came here to just learn about AI, Nigeria will eventually become an AI Hub in Africa”.

 

He added that his experience at the data science Nigeria boot camp has been amazing, stressing that before he came to Nigeria he had an unpalatable image about Nigeria but now that he is here everything is different.

 

He noted that Nigerians are very hospitable and accommodating people.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Telcos Record N27Bn Loss from Damaged Fibre Cables

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Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg.

Telcos Record N27Bn Loss from Damaged Fibre Cables

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show.

On Feb. 28, a cut in its network in three different locations by a road construction firm, an oil serving company, and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than N11bn —enough to build 870 kilometers of new fiber lines in areas without coverage.

Broadband fibre optic cables form the backbone of modern communication infrastructure, enabling the high-speed data transmission that underpins a wide range of personal, business, and societal activities.

On several occasions, the Nigerian Communications Commission (NCC), the industry regulator, has acknowledged this challenge and expressed willingness to work on measures to address it.

These measures include stricter regulations to deter vandalism and improved collaboration between telcos and government agencies responsible for construction activities.

According to the NCC, the telecom sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5 per cent in the third quarter of last year.


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NCAIR Relaunch: Pantami, Tijani Fight for Credit

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Isa Pantami, former minister of Communications and Digital Economy, has voiced his discontent over the relaunch of the National Centre for Artificial Intelligence and Robotics (NCAIR) by Bosun Tijani, his successor.

Isa Pantami, former minister of Communications and Digital Economy,

Tijani announced the revitalization of NCAIR, highlighting enhancements in its capacity and partnerships with global tech firm Cisco.

However, Pantami took to social media to assert that NCAIR was already established during his tenure in November 2020, dubbing it “the first of its kind in Africa” and emphasizing its effectiveness in training numerous Nigerians.

Tijani responded by detailing the new initiatives accompanying the relaunch, including increased computing infrastructure, dedicated research labs, and remote connectivity for AI hubs across the country. He also unveiled outcomes from the Ministry’s National AI Workshop, such as the country’s first Multilingual Large Language Model and partnerships aimed at accelerating AI development projects of national significance.

The exchange between Pantami and Tijani underscores ongoing efforts to advance AI research and application in Nigeria while navigating questions of continuity and leadership transition within the Ministry.

 


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ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy

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This year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on the role of artificial intelligence in a digital economy with the theme: “Artificial Intelligence (AI): The Good, The Complex and The Anticipated”.

The lecture which will herald Africa’s Beacon of ICT Merit and Leadership Awards hold on May 25, 2024 at Four Points by Sheraton.

The sixteenth edition of the award ceremony according Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek the organizers of the event, “is a special edition to recognize and celebrate organizations and individuals in the ICT industry that have been distinguished in delivery innovative services in the sector.

“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this especial edition”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.

“However, unlike traditional machines, which replaced the use of human and animal labor for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.

“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he said.

The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.

The lecture series however is reserved for distinguished achievers in the ICT sector.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; among others.


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