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Lagos Enhances Transit Payment System with EMV Contactless Card

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Commuters on the Lagos Bus Rapid Transit (BRT) system can now board buses using a contact-less card payment system.

The system allows commuters who ride on BRT buses to make payments via their Lagos Connect contactless cards powered by Farepay that have either been pre-loaded or linked to a funded bank account.

Powered by Lagos State, LAMATA, Primero Transport Limited and Sterling Bank Plc, the enhanced electronic payment system was launched Thursday at the Sterling Bank, House, Marina, Lagos in partnership with leading global payment and technology companies – Mikroelektronica, MasterCard, E-Purse Systems, Monet Plus, NIBSS, Epay-plus and SecureID in Lagos.

The Europay MasterCard and Visa (EMV) compliant contactless payment system was designed to speed up commuting time by making payment easier and faster because it empowers commuters to just tap their cards on a console to board a BRT bus.

It eliminates the high turnaround time associated with cash-based ticket purchases. The launch of the contactless card puts Lagos ahead of some mega cities including New York in terms of implementation.

It will be recalled that Governor Ambode launched Lagos connect card last November and this enhancement will however be usable on mass transit systems anywhere in the world.

Abubakar Suleiman, Managing Director/Chief Executive Officer, Sterling Bank said the bank intended to achieve its primary role of financial intermediation through intervention in sectors that will create jobs and bring about economic growth for the country.

He identified such sectors as health, education, agriculture, renewable energy and transport. Abubakar stated that the bank was proud to collaborate with Lagos State, LAMATA, Primero, E-Purse Systems and MasterCard to launch a multimodal contactless payment card for use on mass transit buses, ferries and trains in the Lagos metropolis.

Chief Demola Seriki, Chairman, Primero Transport Limited, described the launch of the enhanced Lagos Connect EMV compliant contactless payment system powered by Farepay as symbolic. “We are delighted to unveil the enhanced Lagos Connect EMV compliant contactless payment system powered by Farepay. It is indicative of efforts to eliminate the inefficiencies associated with public transportation in Lagos.

A lot of work is being put into transforming public transportation into a world class and sustainable industry which brings comfort to commuters and creates economic and social opportunities.

“The BRT system was initiated by the Lagos State Government as part of the strategies to modernise the public transport system in Lagos to ensure it compares with what obtains in other major cities around the world.

What we are witnessing today is a major stride towards providing efficient service that will encourage patronage of the Bus Rapid Transit by middle class commuters thereby reducing the number of private vehicles on our roads.”

On her part, Omokehinde Adebanjo, Vice President and Area Business Head, West Africa, Mastercard said, “Technology has the potential to shape the way Africans live, and the importance of removing cash from key sectors remains a critical focus for Lagos State and the Federal Government of Nigeria.

The contactless solution has the potential of not only solving challenges faced by other channels of transport, but it can also be easily implemented in sectors such as retail and government services. This is an important step to creating a smarter Lagos, and a Nigeria that is less dependent on cash.”

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FG, Korea To Unveil Phase-2 Of ICT Project

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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.

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MTN Smart Survey a Smart Way to get Customer’s Insight

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There’s nothing more important than the opinion of the masses when it comes to marketing or business positioning.

 

After all, without the approval and buy-in of the public, it would be hard to get any product or concept off the ground.

L-R: General Manager, Customer Experience, MTN Nigeria, Kolawole Oyeyemi; General Manager, Enterprise Marketing, MTN Nigeria, Onyinye Ikenna-Emeka and Customer Enablement, MTN Nigeria, Ladipo Nylander at the launch of MTN Smart Survey, an effective tool for customer insight which held on Monday, December 10, 2018

 

Market/consumer surveys provide detailed insights into competitors, and aid in understanding customers’ preferences & discomforts.

 

Consumer surveys are used in analysing latest market trends, consumer buying patterns, economic shifts, and demographics.

 

Useful as these surveys may be, many businesses are unable to obtain the insights they need from them for business decisions.

General Manager, Customer Experience, MTN Nigeria, Kolawole Oyeyemi taking guests through a presentation tagged ‘mobile survey as an effective tool for customer insight and optimal value propositioning’.

 

In response to this challenge, MTN Nigeria has just launched a business tool, MTN Smart Survey to enable smart business owners to leverage on market research in developing effective strategies for business growth.

 

MTN Smart Survey, which is offered in collaboration with Communication and Marketing Research Group Limited (CMRG), provides an electronic medium for conduct and administration of surveys specifically targeted to a group of MTN subscribers.

Guests at the launch

The service offers survey delivery through the USSD channel to subscribers that have been profiled based on specific attributes, such as age, gender, location, etc.

 

The launch of the new solution had in attendance dignitaries from various business sectors in Nigeria who had a firsthand experience of the platform and its functionalities.

Guests at the launch

 

The new business tool has also been designed to reward customers with N100 MTN airtime upon completion of questions administered through the survey.

 

MTN Nigeria continues to seek ways to contribute to the Nigerian economy by extending its partnership capabilities to brighten the lives of business owners within the country.

 

 

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Heirs Holdings Inks $600m Facility Deal with Afrexim Bank, to Scale its Energy Investments.

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K-r: chairman, Heirs Holdings Group, Mr. Tony Elumelu and President of African Export-Import Bank(Afreximbank), Dr. Benedict Oramah, during the signing of $600 million Facility Deal between Afreximbank and Heirs Holdings Group to scale Heirs Holding’s Energy Investments in Africa…….. in Cairo, Egypt on Tuesday

African Export-Import Bank’s (Afrexim), has signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company.

 

This is as a further demonstration of the African Export-Import Bank’s mandate to facilitate the growth of intra-Africa trade and support the development of African businesses,

 

Heirs Holdings has significant investments across Africa, in the financial services, resources, real estate and hospitality and power sectors.

 

The facilities will further support the Group’s power, oil and gas strategy, as it positions itself as an African leader in integrated natural resources.

 

The signing ceremony took place at the Afrexim Intra-Africa Trade Conference taking place in Cairo, Egypt.

 

The proceeds of the facilities will assist the Heirs Holdings Group vision of creating a dynamic resource based division, focused on ensuring value creation occurs on the African continent and that value chains are developed, that directly benefit the broader African economy and consumer.

 

Commenting at the ceremony, Dr. Benedict Oramah, President of Afrexim who signed on behalf of the Bank, stated that the investment by Heirs Holdings would play a key role in addressing some of the fundamental challenges that have affected the power and energy sectors in Africa. He stated that “A world class energy sector is fundamental to the sustainable growth of businesses in Africa. If we do not deal with these basic matters, growth of trade and exports will always be limited”.

 

Mr. Tony Elumelu, chairman of Heirs Holdings, commented that “We are delighted to be partnering with Afrexim. The Bank continues to play a critical role in the economic and social development of the continent. Together, we illustrate that Africa can create world class institutions, which are capable of successfully making the long-term investments necessary for Africa’s economic transformation and catalyse the enabling environment that will unleash Africa’s potential”.

 

 

 

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