News
Ekeh, Zinox Chairman Emerges TT Person of the Year
Mr Leo Stan Ekeh, chairman, Zinox Technologies, has emerged winner of the maiden edition of Technology Times Person of the Year 2016 Award that honours most enduring contributions to the Nigerian ICT industry.
Engineer Aliyu Abubakar Aziz, director general/CEO of National Identity Management Commission (NIMC) and Mr Steve Ayorinde, Commissioner for Information and Strategy, Lagos State, jointly unveiled the award plaque Friday at the Technology Times Outlook 2017 cocktail wrapping up the two-day annual summit held at The MUSON Centre in Lagos.
Speaking at the announcement of the Zinox Chairman as winner of the tech award, Mr Shina Badaru, Founder of Technology Times said the Technology Times Person of the Year 2016 was introduced to honour the person, either in industry or government, that has made the most enduring contribution to the information and communication technology (ICT) industry in Nigeria.
Mr Leo Stan Ekeh was nominated along five other distinguished Nigerians including Dr Mike Adenuga, Chairman Globacom Limited; Professor Umar Garba Danbatta, Chief Executive/Executive Vice Chairman, Nigerian Communications Commission (NCC); Dr Omobola Johnson, Pioneer Minister of Communication Technology for Nigeria; Ms Funke Opeke, Chief Executive Officer, MainOne and Mr Jim Ovia, Pioneer Chairman, Visafone Communications Limited.
These final honourees were decided through complementary decision of Technology Times Editors (40%) and online voting (60%) by the Internet community across Nigeria, Africa and beyond on the official website of the company, www.technologytimes.ng, according to Mr. Badaru.
Based on the results of the online voting, Dr Adenuga, Chairman of Globacom had 15 votes (3%); Professor Danbatta of NCC, 5 votes (1%); Dr Ekeh of Zinox Technologies, 457 votes (90%); Dr Johnson pioneer Minister of Communication Technology, 16 votes (3%); Ms. Opeke of MainOne, 10 votes (2%) and Mr Ovia, pioneer Chairman, Visafone, 5 votes (1%).
Hence, based on the result of the votes, Mr Ekeh, Chairman, Zinox Technologies with 457 votes which is 90% of the total votes, emerged as the winner of the Technology Times Person of The Year 2016.
Leo Stan Ekeh is a serial digital entrepreneur and Chairman of Zinox Group, Sub-Saharan Africa’s biggest integrated technology group, which includes viable concerns such as Zinox Technologies Limited, Task Systems, Technology Distributions Limited and TD Mobile through which the entrepreneur has deployed some of the biggest ICT projects in the country and beyond.
Apart from pioneering Desktop Publishing and Computer Graphics in Nigeria in 1987 with his first company, Task Systems Ltd, Mr. Ekeh launched the first ICT support company in Nigeria – ITEC Solutions Ltd.
He also pioneered ICT Distribution in West Africa with the launch of Technology Distributions Ltd. which has remained the biggest distributor in the West African sub-region.
Mr. Ekeh cited his story as one of many firsts and landmark achievements in his chosen field of Information and Communications Technology.
Mr. Ekeh equally enjoys the status of manufacturing the first internationally certified computer brand in Sub-Saharan Africa – Zinox Computers.
The biometric digital revolution in Nigeria can also be attributed to Mr. Ekeh who delivered the INEC Voters’ registration in 2006 when foreign contractors could not deliver after months of promises.
He again supervised the biggest single ICT digital rollout in Africa with INEC in 2010 as well as the largest single e-Library and Wireless cloud rollout project on the continent through one of his companies – Zinox Technologies Ltd.
Mr. Ekeh has also been involved with companies such as ICT Brokers, TD Plus, ICT Connect and the launch of Nigeria’s first ever e-commerce outfit, Buyright AFRICA Dotcom.
A first-rate Indian-trained Economist, Mr. Ekeh holds a Post Graduate Degree in Risk Management from Nottingham University, England.
On October 1st 2001, Leo Stan Ekeh was honoured as an Icon of Hope by former President, Olusegun Obasanjo for his sustained pioneering efforts in the area of Information technology and also as a pride to modern Nigeria.
A distinguished member of the Nigeria Economic Summit Group and Fellow of the Nigeria Computer Society, Mr. Ekeh holds several honorary doctorate degrees for his enviable record of incisive entrepreneurship and pioneering efforts in the field of Information Technology.
Applauded by professionals as a man whose vision and performance shores up credibility for the indigenous capacities in the ICT sector, Leo Stan Ekeh’s unmatched interventions have seen him receive over 60 local and international awards.
He has also served on a good number of Federal Government Committees, which includes the Presidential Committee for Job Creation, among many others.
He is happily married to the elegant Mrs. Chioma Ekeh with whom he has five children, among who is Prince Nnamdi Ekeh, the 24-year old Founder of Yudala, Africa’s pioneer composite online and offline retail chain.
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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