E-Business
Oracle, CWG, Others Reveal Ways to End IT Skill Shortages
Panelists at Oracle Corporation roundtable in Lagos said, unanimously, that although technology is first-rate resource and available in Nigeria, but will become useless without adequate skill sets to harness the potentials.
At the World Economic Forum 2014, it was revealed that technology added six billion jobs, even as world economy increased by $193billion.
Thus, the panelists comprising Adebayo Sanni, country managing director of Oracle Nigeria and other partners- Mr. Austin Okere, group chief executive officer, Computer Warehouse Group, Abdulahmed Mustapha, director general, Lagos State Financial Systems Management Bureau and Toju Onaiwu, director, Software at Edo State ICT Agency, agreed that the in-coming administrations, both at the Federal And State Government levels, must not shy away from the efficacies of using information communication technologies (ICTs) to salvaging the economy from excess dependent on oil and gas.
Leading the discussion, Sanni said that while many may watch the tumbling oil price with dismay, in some ways it can be viewed in a positive light, adding that the loss of oil revenues has compelled the country to give more attention to other areas of the economy, including technology.
According to him, the Country will perform better in the IT space with requisite skill sets, especially with the private and public sector working cordially to ensure the teeming youths in the society are equipped.
A recent survey by the CBI revealed that 39% of firms are already struggling to recruit workers with the advanced technical science, technology, engineering and Maths (STEM) skills they need, and 4% of firms believe that the shortage will persist over the next three years.
In the software and applications development space there is a shortage of developers, especially in Nigeria where the digital economy is expected to grow exponentially.
To tackle this, Sanni said that Oracle and Lagos State have just completed phase 2 of the Lagos State Workforce Development Program, to assist in training graduates on Oracle Database or Oracle E-Business Suite.
The program provides graduates with opportunities to acquire industry-relevant skills and internships within the private sector and in some of the State’s ministries.
Oracle Nigeria also offers hands-on internships at its office situated in Lagos, Abuja, and other African countries, to grow a pipeline of fresh business and ICT talent for Oracle and its West African ecosystem. Currently, 12 interns are engaged at Oracle Nigeria.
He said, “These are just 2 examples of initiatives that Oracle, as a local employer, is driving to support the creation of a technical savvy workforce – other programs include supporting universities and women in leadership activities.
“Technology is no doubt changing the way we live and work around the world and specifically in Nigeria.
“Public and private organizations have a responsibility to work together to help young people acquire key business and IT skills that can help them in turn to cultivate long-term success”.
He said that individuals, companies and governments are already using technology to innovate, bringing a fresh approach to creating new businesses or boosting growth in industries that make up the Nigerian economy.
On his part, Mr. Austin Okere, group chief executive officer, Computer Warehouse Group, said that the Company, now a Group, discovered at the early stage of the business that skill sets are prerequisite to delivering quality products and services to the customers.
He said, the idea gave birth to CWG Academy for training and retraining of CWG staff and those from the partners’ circles.
“This singular idea is now helping OEMs (original equipment manufacturers) galvanize the skills aspects of their business. Even the Lagos Business School has been receiving support from us in the form of tools; we engage the best graduates and release others to help partners and Governments to get their IT practices right.
“We worked with the World Bank to connect students in research institutions and universities. Today, there are 27 universities connected via NgREN and others on the verge of joining,” Okere said.
He identified Oracle Systems as ‘no-brainers’; requiring just interests from the youths to excel.
To, Abdulahmed Mustapha, director general, Lagos State Financial Systems Management Bureau, army of unemployed youths portends a nation seated on a keg of gunpowder; hence the State Government has continued to work with Oracle to find better ways to serve the citizens.
He recalled that, then government of Asiwaju Bola Tinubu, in 2001, made moves for the computerization of the accounting processes; results are the increase in the internally generated revenue (IGR) from N600miilion to presently N25billion monthly.
Mustapha said, “Oracle Systems have helped us keep our money well in terms of record keeping, which springs over to infrastructural development. In Lagos with about 20 million populations, every Lagosian needs one service or the other. So, technology is the only apparatus that will help less than 200,000 government workers to deliver services to the people and promptly.
“Today, Lagos State Public Service Staff Development Centre (LSPSSDC) has Oracle tools to train workers and develop youths for skills that will benefit the government and other OEMs. Banks are retrenching, telecoms are looking for ways to balance their books, so, when they are not employing, how do we keep the people’s hopes high, as a government? Currently, we are working with UniLag, LASU, LASPOTECH and other tertiary institutions in the State to even get the lecturers ready, because skills transfer is important”.
He expressed confidence that IT developmental agenda of Governor Babatunde Fashola will be sustained by the in-coming administration, adding that, “We have a 25-year developmental plan from where every government in the State draws its aspiration and ICT takes centre stage in the document”.
Also, Toju Onaiwu, director, Software at Edo State ICT Agency said that the Agency was established to booster the knowledge economy of the State.
He said, “”About six years ago when we came in, the Governor Adams Oshomole felt the need to identify key developmental areas, which led to the four-years short term and eight-years long term agenda on using ICT to drive business and governance.
“Right from 2009, we identified Oracle solutions have helped us in the areas of auditing and scrutinizing the workforce for ghost workers, saving N2billion in the first year. Procurement and payment systems are done using Oracle system”.
He said the Government also identified skill sets shortage as setback to actualizing the targets but has succeeded in recruiting youths to aid the Government in that regard.
E-Business
Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals
Excitement is reaching a fever pitch among shoppers as the Konga Yakata Black Friday shopping fiesta enters its final week. Shoppers nationwide are gearing up for a rain of last-minute deals and irresistible offers, with the promotion set to end on Saturday, November 30, 2024.
The month-long Konga Yakata campaign, which kicked off on Friday, November 1, has delivered an unparalleled shopping experience, treating customers to incredible discounts, engaging promos, and unbeatable incentives.
In addition to massive price cuts across a wide range of products, Konga has thrilled shoppers with exciting events such as Treasure Hunts, Flash Sales, Bargain Bash, Brand Days, and specialized Black Friday packages like the Budget Store, Under 50k Store, and TGIF Epic Drop.
The highlight of the Yakata 2024 season will be this year’s Black Friday, which takes place on Friday, November 29. Thousands of customers will be able to score exclusive discounts on items including electronics, clothes, home appliances, computers, and groceries.
Reflecting on the experience so far, a satisfied anonymous shopper who snagged a TV at a discounted rate said, “Konga Yakata has been nothing short of amazing this year. The discounts are unbelievable but true, and the convenience of shopping online is unmatched.
“I’ve already made several purchases, and I’m excited to see what other deals are in store for the final week.”
Konga’s Black Friday sale has been a boon for consumers, offering respite from the economic challenges many Nigerians face. By providing access to affordable products and services, Konga has empowered shoppers to make the most of their money.
Despite the prevailing economic challenges, shoppers have embraced the Yakata season, targeting high-value deals and leveraging Konga’s tailored offerings to make significant savings. With the countdown underway, the excitement is expected to hit its peak on Friday as customers traditionally wait for that day to grab the most exclusive deals.
Speaking on the heightened anticipation, Kunle Ajani, Group Head of Marketing at Konga, stated, “We’re thrilled with the overwhelming response to Konga Yakata this year, and we’re committed to ensuring the final week delivers the biggest surprises yet.
“We are proud to offer a platform where shoppers can enjoy exceptional value, despite the economic realities.”
As the curtain closes on the 2024 Yakata season, shoppers can look forward to a flurry of last-minute deals, culminating at midnight on November 30. From tech enthusiasts to lovers of electronics and deal hunters, Konga Yakata continues to redefine the shopping experience, making it a season to remember for all Nigerians.
Take advantage of the final week of Konga Yakata. Visit Konga.com and experience the thrill of shopping at unbeatable prices.
E-Business
NITDA DG Harps on the Role of Innovation in Nigeria’s Sustainable Development
Kashifu Inuwa CCIE, the Director General, National Information Technology Development Agency (NITDA), has reiterated the critical role of innovation in driving Nigeria’s sustainable development, economic diversification, and global competitiveness.
Inuwa made this remark while delivering a keynote address at the 8th Annual Research Fair and Exhibition of Nasarawa State University, Keffi (NSUK), where he called on academia, industry leaders, and policymakers to embrace disruptive transformational innovation as a tool for addressing the nation’s challenges and unlocking its immense potential.
Speaking on the theme, “Disruptive Transformational Innovation; Shaping the Future,” Inuwa commended NSUK for organising an event that aligns with Nigeria’s pursuit of growth through knowledge-driven solutions.
Inuwa who was represented by the Deputy Director, eGovernment and Digital Economy Development Department, Engr Ya’u Garba, applauded the university’s increasing focus on transformation, noting that such initiatives reflect an understanding of the need for impactful innovations to address real-world issues.
Inuwa emphasised that while inventions remain a cornerstone of academic inquiry, their significance lies in their ability to move beyond theoretical exploration to become practical innovations. These innovations, he explained, have the power to reshape industries, tackle societal challenges, and accelerate national progress.
He urged institutions to prioritise creativity and bold thinking, ensuring that research outputs translate into tangible benefits for society.
Explaining the concept of disruptive transformational innovation, Inuwa described it as a profound force capable of altering established systems, processes, and products in ways that redefine societal functions. Unlike incremental innovations, which focus on improving existing frameworks, disruptive innovations introduce entirely new paradigms, addressing challenges in groundbreaking and previously unimaginable ways.
He cited historical examples such as the Printing Press, the Steam Engine, and Electricity, which have significantly transformed human existence and set the foundation for modern development.
Inuwa pointed out that Nigeria’s abundant human and natural resources present a unique opportunity to harness innovation for sustainable development. He called for a collaborative approach involving academia, industries, and government to build an environment that nurtures creativity, supports bold investments, and encourages inclusive growth. Such an ecosystem, he said, is vital for fostering homegrown innovations that can propel Nigeria to the forefront of global technological and economic advancements.
He further highlighted NITDA’s dedication to fostering innovation through various initiatives, including the National Adopted Village for Smart Agriculture (NAVSA) to digitally transform the agricultural sector, the National Blockchain Adoption Strategy to enhance digital trust and transparency, and the National Artificial Intelligence Strategy aimed at building a robust AI ecosystem in the country, among other impactful projects, which are part of the Federal Government broader strategy to position Nigeria as a leader in the global knowledge economy.
Inuwa also urged NSUK to deepen its commitment to innovation by establishing hubs that support facility-led startups, fostering collaborations with industry stakeholders, and equipping students with essential technological skills. He noted that such efforts would not only empower the university community but also contribute significantly to national development.
Inuwa expressed confidence in Nigeria’s ability to not only adopt global innovations but also create groundbreaking solutions that could influence the trajectory of Africa and the world.
He called on all stakeholders in the country to embrace the transformative power of innovation in order to drive sustainable development, economic diversification, and global relevance.
E-Business
Data Commission, NAICOM Partner to Safeguard Data in Insurance Industry
Nigerian Data Protection Commission (NDPC) and National Insurance Commission (NAICOM) have signed a Memorandum of Understanding (MoU) to protect data pilfering in the insurance industry.
The agreement was finalised on Friday and aims to address critical concerns around data privacy and ensure that the insurance sector complies with global best practices in data management.
Some of the objectives of a MoU include training and capacity building to enhance awareness and skills in data protection, setting up specialized clinics to address data protection concerns and provide guidance; conducting compliance activities by regularly, monitoring and enforcing compliance with data protection regulations and educating insurance companies on the importance of data protection and the benefits of adhering to best practices.
Mr Olusegun Ayo Omosehin, commissioner for Insurance/ chief executive officer, NAICOM, said, “The collaboration marks a significant milestone in safeguarding the personal data of insurance policyholders and promoting trust in the insurance sector”.
To ensure the effective implementation of the Memorandum of Understanding (MoU), an Implementation Committee will be established.
This committee will comprise representatives from the 2 agencies, as well as other key industry associations, including the Nigerian Insurers Association (NIA) and the Nigerian Council of Registered Insurance Brokers (NCRIB).
The committee’s primary responsibility will be to monitor progress, provide guidance, and facilitate collaboration among stakeholders to guarantee the successful execution of the MoU.
Officials from both NAICOM and NDPC have expressed confidence in the partnership’s potential to strengthen data privacy frameworks within the insurance sector.
They noted that the initiative would boost public confidence, enhance compliance, and position the sector for greater innovation and credibility.
This collaboration is expected to pave the way for a more secure and trustworthy insurance landscape in Nigeria, ensuring the protection of personal data while fostering the industry’s growth.
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