Connect with us

Telecom

Ruwase says there is no better time to harness ICT than now

Published

on

Kindly share this post

Mr.Babatunde Ruwase, President, Lagos Chamber of Commerce and Industry, (LCCI) has said that there is no better time to harness the benefits of ICT than now, that the Nigerian economy is in dire need of diversification and sustainable recovery.

 

Ruwase, disclosed this on Wednesday at the 2018 Information Communications Technology and Telecommunications Expo (ICTEL EXPO) held at Eko Hotels & Suites, Victoria Island, Lagos.

 

He emphasized that ICT is strategic in driving productivity and efficiency in all sectors of the economy, noting that virtually all sectors leverage ICT for optimal performance.

 

He added that the impact of ICT in the economy can be seen in the financial service sector, where electronic banking is now the vogue, the agricultural sector, where government allocates farm inputs through mobile phones to farmers, the consumer goods sector where online stores and e-commerce has brought an incredible transformation to retail business.

 

“The fact is that ICT has become the backbone of businesses,” he stated

 

Ruwase, said that in spite of the phenomenal growth we have witnessed in the sector over the last two decades, that there is still enormous potentials yet untapped, stressing that the Expo is one of the major platforms that offer opportunities to unlock these untapped potentials.

 

He noted that Lagos Chamber of commerce and industry through the Expo is providing a credible platform to advance the opportunities and linkages in the world of ICT.

 

“We are committed to the building of economic and commercial ties across all subsectors and players in the ICT sector.

 

“We plan to continuously broaden the horizon and scope of the Expo over the coming years.

 

“We see great investment opportunities coming from closer interactions and business integration among ICT players and their customers,” he added.

 

Dr Abdul-Raheem Adebayo Shittu, Minister of Communications, speaking at the event said that Federal government is committed to support the growth of digital economy in the country.

 

The minister represented by Mrs.Monisola Udoh, Director of ICT, ministry of communications, said that “we are committed to supporting digital economy in its laudable endeavor and vision to bridge the gap between Nigeria and the rest of the world in information and communications technology”.

 

He noted that the ministry will support the establishment of companies or organizations in the area of hardware and software by ensuring that they are protected through regulations or other means.

 

He said, “We will assist them to grow. We have accepted that Nigeria must take the leadership role in Africa’s ICT ecosystem.

 

“Therefore, we are amenable to PPP relationships to drive the ministry’s projects, 2018 and beyond must be a year of action.”

 

He stated that to ensure efficiency and competitiveness in the 21st century ICT ecosystem, “the ministry had conceived a national ICT park and exhibition centre in the federal capital territory and other parts of the country.

 

“Proposed the establishment of a National ICT bank and full implementation of the national broadband plan, ICT roadmap 2017-2020 and the implementation of the eGovernment masterplan.”

 

He added that his ministry will collaborate with the organizers of ICTEL to create a platform where organizations and startups can pitch their innovative ideas.

 

These ideas according to her will be passed through a structured selection process to come up with marketable innovations for implementation by the federal government.


Kindly share this post

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

Telecom

Telcos Record N27Bn Loss from Damaged Fibre Cables

Published

on

Kindly share this post

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.


Kindly share this post
Continue Reading

Telecom

NCAIR Relaunch: Pantami, Tijani Fight for Credit

Published

on

Kindly share this post

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.

 


Kindly share this post
Continue Reading

Telecom

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

Published

on

Kindly share this post

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.


Kindly share this post
Continue Reading

Trending