News
FG, Korea To Unveil Phase-2 Of ICT Project
The Federal Government and Korea International Cooperation Agency (KOICA) are concluding arrangements to launch second phase of partnership in ICT that would develop experts and highly skilled labor in information and Communication Technology (ICT) in Nigeria.
This was disclosed yesterday when a delegation from the KOICA office, led by its Country Director, Sook Hyun Park paid a courtesy visit to the Ministry of Communications, Abuja.
The country Director said that, South Korean government through KOICA has enjoyed a strong partnership with Federal Ministry of Communications in its e-government capacity building project for the past 7 years.
“Our first e-government project which has existed for the past 7 years with a strong partnership with Federal Ministry of Communications would be concluded next year. We shall keep our effort and support to Nigeria. E-government in the 2nd project which we plan to embark upon, we are interested in developing human skilled labor in ICT areas hence, the need for the Minister to share his expertise and ideas that would be of good direction to the Federal Government ”, the Director stated.
Sook Hyun stated that KOICA’s visit to the Ministry of Communications was aimed at introducing the agency’s upcoming project (phase 2) being worked towards year 2020 and beyond, following the conclusion of the introductory (first phase) which would be concluded by 2019.
In his contribution, Headquarter Coordinator, An Kwangsoo, said KOICA as an agency was set to move from the introductory part of its partnership project which was focused on e-government capacity building, scholarship for masters and PHD Degrees in Korean Universities for Nigerians to a bigger phase in order to assist Nigeria in achieving the implementation of her e-government master plan.
In his remarks, the Minister of Communications, Dr. Adebayo Shittu thanked KOICA on behalf of the Federal Government, for generously investing so much towards the development of Nigeria, particularly in areas of e-government and capacity building.
The Minister said that, Federal Government cannot take KOICA’s selfless cooperation for granted and urged them to sustain the smooth relationship that is being enjoyed by both parties in service to humanity.
He urged the Agency to meet with the Ministry’s e-government department to work together for a very beneficial launch of the 2nd phase of broader partnership between the federal government and the Republic of Korea via KOICA.
In the new phase, Shittu urged the Agency to make conscientious efforts to ensure at least 100,000 civil servants are trained annually, to improve Nigeria’s system of operations to be more effective and efficient.
He also appealed to them to collaborate with the Nigerian Universities by sending technology gurus from the Korean universities to impart technological ideas and knowledge to students in Nigeria who shall in turn train others.
News
Coronation Report Reveals Key Role of Private Sector to Nigeria’s Infrastructure Funding
The maiden edition of Coronation group infrastructure report has revealed that the private sector has a critical role to play in infrastructure funding in Nigeria.
The report stated that the key to private-sector infrastructure investment is for dealmakers to structure transactions that offer attractive returns combined with an acceptable degree of risk, the risk often being eased by agreements supplied by infrastructure investment vehicles such a Infracorp.
The report said that the investor base can play its part, providing liquidity as part of its own efforts to create long-term returns with low relationship with public markets.
The report noted that Nigeria’s future infrastructure development depends on private capital, including capital allocated to Public Private Partnership (PPP) ventures, given the huge amounts of money required and the inability of government to provide it.
The report explained that the record of the federal government in capital expenditure over several decades highlighted the need for increasing private-sector investment, adding that public expenditure on transportation, education, hospitals, power, housing, and other essential infrastructure has not kept up with the needs of a population growing at a long-term rate.
The report said Public-private partnership differs from government capital expenditure in that it must pay for its capital, noting that it must attract private sector capital and therefore provide better returns than the risk-free returns of government debt.
According to the report, “Inflows of petro-dollars into government coffers did not translate into proportionately more being spent on capital expenditure, surely a missed opportunity. Still worse was to follow in the period 2011-2020 when the average level of public sector capital expenditure fell to 1.1 percent of Gross Domestic Product (GDP).”
News
DLM Asset Management Set to Host Webinar to Discuss Financial Stability in Times of Economic Distress
DLM Asset Management Limited, a subsidiary of DLM Capital Group, is hosting a webinar with the theme, “Maintaining financial stability in times of economic distress.” The much-awaited webinar, slated for Thursday, March 28, 2023, at 11 a.m., is going to cover the essential strategies to navigate through economic challenges and safeguarding one’s financial future.
Hosted by industry experts, the webinar will delve into the following key topics and teach attendees:
- How to adopt a proactive, knowledgeable, and adaptable approach to risk assessment and mitigation.
- How to thrive in this present economy and remain financially resilient.
- Financial planning and discipline
During its interactive Q&A session, attendees will have the opportunity to ask questions and learn more about the subsidiary’s services from the hosts and speakers of the webinar. This includes the DLM fixed income fund, which Nairametrics identified as one of the top-performing Nigerian mutual funds in 2023.
This webinar is designed for investment savvy individuals Income earners, institutional and corporate investors, high net worth individuals, and the mass retail market.
Interested parties can register for the webinar by using this link, which is currently active. Seize the opportunity to gain experience on insightful things and get ready for a rewarding encounter.
News
Firm Canvasses Affordable Technology to Drive Business Efficiency
Information Communication Technology (ICT) service provider, Thamani Consulting, has stressed the need to make technology much affordable so as to make businesses seamless and efficient.
Olubunmi Abegunde, Managing Partner of the company, averred that making technology access affordable would enhance its penetration and increase uptake of digital technologies to drive employment growth of more than 22 million Africans joining the workforce each year.
He explained that the organisation remained committed to empowering businesses to thrive in Nigeria’s dynamic environment, hence churns out innovative solutions to address business problems across disciplines.
“Leveraging 20 years of combined market experience executing successful IT Projects with local and multinational organisations, we aim to capitalise on this to improve strategic utilisation of technology in Africa and support capacity building through access to requisite information technology,” he said.
He explained further that the African region more than others need increased usage of digital technologies to level-up globally, noting that polices to drive low-end technology access must be prioritised.
“This is why we do not compromise the balance of quality, standard professionalism and yet affordability in the choice of solutions we offer to clients which include: SAP training and Implementations, Software Asset Management, Plant Maintenance Process Automation and Automation for manufacturing Industries, amongst others.”
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