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FG to Partner Huawei on Smart Cities Initiative

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Adebayo Shittu, minister of communications said that the Federal Government would partner Huawei, a global technology giant, in its smart cities initiative .

Shittu stated this in Abuja, at a Smart Cities two-day multi-stakeholders international summit, sponsored by Huawei, in collaboration with Smart Cities Nigeria, Ministry of Communications, Ministry of Works, Housing and Power, Federal Capital Territory Administration and Ministry of Environment.

The Minister said that the partnership with Huawei provide grounds to reshape the way public service is provided and managed in Nigeria.

‎According to Shittu, “More people now have access to smart phones. Experts said that smart phones users in Africa will increase from 75 million in the first quarter of 2016 to 512 million 2018.

“Smart Cities would promote open data is one of the advantages of smart city. Smart City helps to manage government resources. It also helps to get more revenue for the government.

“Nigeria is a journey of greatness and together we will arrive at the destination of our dreams. In order to encourage competition among States and Local governments, the Ministry of Communications would soon launch the Smart Cit‎y competition, this is to encourage them to take a bolder steps go the level of digital technology.

“I urge stakeholders to partner with the ministry to create smart cities in ‎Nigeria.”

Mr Tank Li, managing director, Huawei Technologies Nigeria Limited, said the development and widespread application of digital technologies had transformed lives in a profound way.

He noted, “Data flow and economic development have become the big trends of our time; digital economy is a new form of economy in which everyone can share.

“Digital economy refers to an economic system in which digital technologies are widely applied, revolutionizing the whole economic environment and activities. Digital economy is also a brand new socio-political and economic system in which all information and commercial activities are digitised.

“Businesses, consumers and governments do business via the Internet, allowing for rapid business growth. Digital economy focuses on commodities and services whose production, distribution, and sales all rely on digital technologies.

“We project in the near future a digital economy that will bring about enormous changes in society. We simply have no way of knowing how deep and far-reaching these changes will be. However, we can be sure of one thing, that ICT will be the cornerstone of this digital economy.

“In our philosophy, the digital economy has three defining characteristics: All things will have the ability to sense, all things will be connected, and all things will be intelligent.

“The existence of these three defining characteristics depends entirely on advanced ICT. In an intelligent world, devices will play the role of the “feelers” in an all-sensing environment. Networks will connect everything, and the cloud will be the source of intelligence behind all things. These three elements form a synergetic architecture of devices, information pipes, and the cloud.”

He said, “This fourth industrial revolution is going to impact people’s lives in unimaginable ways and this will happen through the convergence of the cyber and physical worlds. The Internet of Things is automatic ‘smart’ communication between objects, through the internet.

“McKinsey Global Institute says in a report last year that IoT could have a total economic impact of $4 trillion to $11 trillion a year by 2025. IoT pervades many areas of life.

“For example, inside Nestle Malaysia Bhd’s headquarters in Petaling Jaya, there is a room with a huge screen covering an entire wall that tracks key words related to the company’s products on the Internet.

“The sales force social studio is where Nestle’s Malaysian digital acceleration team, which was set up in early 2014, analyses consumer trends specifically for the company’s social media campaigns and market research.

“But this is only one aspect of IoT, another is efficiency. The data collected is used to make businesses more efficient and better able to react.

“Nigerian government has realized the potential of its digital economy. Unlocking the dividends of digital economy becomes imperative in the face of dwindling oil revenue with increasingly pressure on the economy evident in budgets deficit, infrastructural deficit, high unemployment rate, harsh business environment and corruption amongst others.

“Federal government is about to launch the “Smart Nigeria Digital Economy Project” that aims to solve efficiency problems and create leapfrog opportunities in the economy for the next 10 years.

“Minister of Industry, Trade and Investment Okechukwu Enelamah said the financial services within the country’s digital economy would add $88 billion to the gross domestic product (GDP) and create more than 3 million jobs within 10 years. The potential gains of the digital economy will manifest in digital accounts, payments, mobile money, health and educational services along with other sectors of the economy.

‘I fully agree with the fact that, ICT-enabled technologies and solutions has the huge potential to serve as a major accelerator of the vision of Smart Nigeria Digital Economy and its sustainable development goal.

“As a global leading ICT solution provider, Huawei’s products and solutions have been deployed in over 170 countries and regions, serving more than one third of the world’s population.”


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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StarNews, Global Black Economic Forum Launch Business Competition In Partnership with MTN & USAID

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Africa’s leading video streaming platform, StarNews Mobile and the Global Black Economic Forum (GBEF), have announced a call for applications for the launch of their Business Competition in Lagos, Nigeria.

Held in partnership with MTN and United Nations Agency for International Development (USAID), the initiative will empower Nigeria’s most promising businesses that are classified as Small-Medium Enterprises (SMEs) with invaluable investment and partnership opportunities from the USA.

Held over 10 weeks between April 8th to June 14th, hosted exclusively on the StarNews Biz Channel on the StarNews platform, this competition offers a platform for emerging entrepreneurs to showcase their ventures and gain national visibility.

With subscribers voting for their favourite candidates, the top 20 contestants will seize the spotlight and make their mark on the business landscape.

The StarNews Business Competition in partnership with GBEF delivers a unique opportunity for thriving Nigerian SMEs to access mentoring, funding, partnerships and socio-economic development tools through the Global Black Economic Forum.

With the prospect of securing cash prizes through StarNews worth up to NGN5,000,000, getting access to StarNews’s network of investors and the opportunity to gain national visibility by having their business on the StarNews web platform.

The top three winners will also receive coaching from GBEF’s Academy for Advancing Excellence and become part of GBEF’s ecosystem of global leaders committed to social and economic justice across the Black Diaspora.

Previous speakers at GBEF convenings from the entertainment sector include Wyclef Jean (Haitian Musician & Activist), Debra Lee (Former CEO of Black Entertainment Television – BET) and Ceci Kurzman (Founder of Nexus Management Group). Applications will close on April 5th 2024.

Speaking on the competition’s launch, Guy Kamgaing, Founder and CEO at StarNews Mobile, says “The StarNews Business Competition is a passion project close to our hearts at StarNews Mobile.

It’s about discovering the most promising business entrepreneurs and creators in Nigeria, opening up global opportunities for them and providing them with the resources and tools to achieve their goals.

By partnering with MTN, USAID and GBEF, we want to be a platform of empowerment for these SMEs by helping them give back to the communities that are supporting them.”

According to the US Embassy and Consulate for Nigeria, over 80% of Nigerian startups are incorporated in the United States and more than 60% of venture capital funding in Nigerian startups accounted for by the US.

In 2023 alone, Nigerian startups raised a total of $398mn however, this signalled a 66% funding decline compared to 2022 due to the global economic downturn, reinforcing the massive need for a fresh injection of capital and business support for Nigeria’s emerging SMEs.

Alphonso David, President and CEO of the Global Black Economic Forum notes that, “Our partnership with StarNews Mobile is a critical resource as we continue to build the collective strength of entrepreneurship across the Diaspora.

“Building a sustainable ecosystem of Black entrepreneurs in the United States and across the African continent is essential to create a future that makes economic opportunity and economic freedom a reality for all.”

A sister company to ESSENCE, GBEF advances its work by convening global summits and conferences, bringing together world leaders, business leaders, entrepreneurs, celebrities and civic leaders to address the most challenging problems facing our communities.

GBEF’s Academy for Advancing Excellence facilitates workforce and leadership development strategy, addressing the talent pipeline & employee lifecycle, providing leadership development & coaching, and conducting institutional assessments & research.

GBEF also develops and implements economic and social justice policy recommendations with partners ranging from civil and human rights organisations to government entities and corporations that advocate for economic opportunity, social justice, and health equity through thought leadership, advocacy and litigation.

Launched in 2017, StarNews Mobile empowers African content creators with the unique opportunity to monetize their work through a subscription model, boasting over 4 million subscribers and a thriving community of more than 120 content creators.

With a strong presence across six countries including Cameroon, Nigeria, Côte D’Ivoire, Congo, Benin and Ghana, the platform has also established key partnerships with major telecom operators such as MTN and Orange.

To-date, StarNews Mobile has secured over $8mn in funding with its most recent raise – a $3mn pre-Series A funding round in October 2023 – led by Janngo Capital with participation from French football players Aurélien Tchouaméni, Jules Koundé and Mike Maignan.

 


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Companies Invest More than $100,000 Yearly to Upskill their Cybersecurity Teams – Study Reveals

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Over 70% of businesses pay more than USD $100,000 for additional training annually to keep skills of their cybersecurity employees up to date, a recent global Kaspersky study has revealed.

However, the surveyed companies also highlighted that there was a lack of relevant courses covering new challenging spheres in the educational market and stated that training does not always bring them the expected result.

In its recent study ‘The portrait of the modern Information Security professional’, Kaspersky examined the topic of the global cybersecurity staff shortage, analysing the exact reasons businesses lack cybersecurity experts, and identifying the ways they evaluate and upskill their cybersecurity workforce¹.

According to the research, companies are investing significant amounts in upskilling their cybersecurity teams: 43% of organisations globally say they usually spend between $100,000 and $200,000 per year on information security courses, while 31% even invest over $200,000 for training programs. The remaining 26% state they usually pay less than $100,000 for educational initiatives².

However, cybersecurity practitioners also note that the educational market is struggling to keep up with the rapidly changing industry and fail to deliver the necessary training programs on time.

Survey results for the Middle East, Turkiye, Africa (META) region shows that the scarcity of courses covering new challenging spheres (48%) was the main problem for those searching for cybersecurity training.

50% of respondents from the META region also stated that trainees tend to forget what they learned because they had no opportunity to apply newly acquired knowledge, therefore the courses were useless to them.

The need for special training pre-requisites such as coding and advanced mathematics, which were not specified at the pre-registration stage were also problematic for 37% of practitioners from the META region.

“With a constantly evolving threat landscape, businesses should continually improve the skills of their cybersecurity personnel in order to be well prepared for sophisticated cyberattacks.

“Developing high-profile specialists within the company and building internal expertise can be an effective strategy for organisations that aim to retain existing employees and allow them to grow professionally, instead of constantly hunting for new candidates and checking their professional backgrounds and practical skills.

“For organisations served by Managed Service Providers it is also important to maintain a pretty high level of expertise internally and use the same language when discussing the scope of services and Service Level Agreement with them,” comments Veniamin Levtsov, VP, Center of Corporate Business Expertise at Kaspersky.


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Heirs Insurance Launches User-friendly Website for Stakeholders

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Heirs Insurance Group, Nigeria’s fastest growing insurance group, has launched a new website that delivers the most user-friendly insurance experience in the industry.

Heirs Insurance Launches User-friendly Website for Stakeholders

In addition to its features that aid simple navigation, the website also personalizes the insurance experience taking customers through a short journey that enables them to make decisions quickly on the best insurance plan to support their personal and business success, or access competent insurance advisors to speak with.

According to Ifesinachi Okpagu, chief marketing officer, Heirs Insurance Group, the website, www.heirs insurance group.com, embodies the ethos of the brand: the delivery of simple, quick, and accessible insurance service that delights customers and brings the uninsured much closer to taking up insurance plans.

She said: “Today’s customers want simplicity and this new website delivers on that request, ensuring that people find the right insurance solutionsfor their needs in a few minutes. We are empowering customers to take control of their lives, their businesses, assets, and their most cherished people.” Heirs Insurance Group has been at the forefront of pioneering a new era of insurance solutions since its launch with the roll-out of various initiatives including a seamless mobile app, USSD; Prince, its intuitive chatbot; InConnect, its partnership portal Digital Experience Centre; and more. With the launch of this website, Heirs Insurance Group solidifies its position as the leading digital insurance company in Nigeria, democratising access to insurance for all.


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