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AFRICA: A Digital Colony

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Look! Africa is fast becoming a digital colony without her realizing it.Am deeply afraidwith the way we are going,that one day if nothing is done, we will wake up and see one smart kid in say China remotely controlling the economies of nations in Africa!Yes,it is as bad as that, if you have keenly followed trends of events happening especially in the cyberspace.And frankly this demands a state of emergency by African Union. In my opinion; this is the new war we need to fight in Africa withcode warriors for digital independence! Africa,one of the largest continents of the world,blessed with great human and material resources no doubt,it becomes unfortunate that even with these abundant resources,our nations are still very poor,underdeveloped and living in the third world. When i look at emerging economiesand the vintage role Africa should play, i say to myself, why is Africa still sleeping. Are we really ready for the coming wealth and power transfer? How are we positioned? We seem to become eternally clueless about technology, its place in African development and what the future holds. My fear is that in thisnew knowledge economy driven by technologies,Africa has started playing the same ignorant and i –dont- care role they played during the Agricultural and industrial age which left us with hunger, poverty and lack. It even took our self esteem away.In this digital age,the consequences cannot be imagined because of the speed associated with digital advancement and if nothing is done now, Africa might never recover from this digital colonisation. I am writing this with the mind that if Africa can realize what she has, find ways to develop the continent using technology as the driving force,we will be the next continent to beat in the global arena of technology competitiveness and overcome this digital enslavement!It isclear that any nation or continent that cannot develop and grow its own technologies has no future and will depend on others.They will hardly regain their freedom. Our over dependency and consumption of technologies(with none made in Africa)have left us as a digital colony while we plough the fields of other smart nations making them Digital giants and singing their songs in Africa. Digital colonization enslaves Africa in her domain making her fully dependent on the global IT savvy nations for all her technology needs, thereby compromising her critical resources and her sovereignty without her knowing. Chris Uwaje in his book-e-Knowledge-Time is running out!aptly captures the entire scenario of a digital colony,he said”some shortsighted nations will wake-up at midnight one day,in the early decades of this century and suddenly realize that they have been digitally colonized. The resultant effect of this will seriously impact on the future generations to come. It simply means that the entire life,culture and sovereignty of a nation and her citizenry have been unknowingly to the people traded off and taken over by IT-smart, powerful and knowledge- centered information force and/or forces on the globe.” The following points to the fact that we have been digitally colonised:Technology Products Consumption in Africa,Technology and Security in Africa,Data storage and management in Africa,Technology Entrepreneurship in Africa. I look around Africa and i see no technology product of African origin that is serving the tech needs of the people ,not to talk of ones for export,still our technology consumption is very high in Africa.Our countries have turned into a digital dumping ground for used and out dated tech stuffs. Right now as you are reading this, if you are in Africa, look around where you are,can you identify any Made in Africa Tech Product?That is how deep the truth of the matter is.From the websites we visit daily to thecars we drive,the computers and laptops,servers, our mobilephones with the sim cards,you name them, to even the smallest of gadgets. They are shipped to us from other nations. None is made in Africa and yet we take so much delight in promoting and associating ourselves with the Global brands of other continents; have you ever given this a thought? It’seven a bigger shame when you find out that most times it is Africans in diaspora that drive those tech developments around the world, why can’t we use our knowledge and experience to develop our Africa viatechnology. I see many African intellectuals all over the world, with PhDswith no invention to their credit, no contribution whatever to the development of Africa. All they do is speak and give speeches at forums without any thought of how to move the continent forward. I see them as academic derelicts of African descent!I began to imagine-What do Africans use their PhDs for?To suppress their brothers and sisters? While others improve the lives of their brothers and sisters in other continents. Yes,i know there are several reasons why no one should live in Africa,from bad government to bad policies but those are the same reasons that keep bringing investors(oyibos) into Africa to explore what the people do not know exist with them. True development in Africa can only be done by Africans. Let’s briefly look at Security and Technology in Africa,since we cannot develop our technologies in Africa;our technology needs for National security and critical information management in Africa like inour central and commercial banks,stock exchanges,Government information system,Military and defenseinformation system, other vital information of the state,who handles them?Whatsoftwarerunsthem? Many interesting questions that can come out of this.These important aspect of security in Africa are always outsourced to India,China, US or other tech savvy nations. For example,Nigeria launched her second satellites with critical information management outsourced to China because we don’t have what it takes to handle such. That has clearly put us at the mercy of China and the government seems not to know the implications of such in time to come.It has very graveconsequences and cracks on thesovereignty and the ability of Africa to really protect,control and manage herterritories. The Governments have failed to make the needed investment to grow her local technology, at last they lose control of their countries and at the end everyone is asking why African nations arewar-torn. I watch with keen interest the controlling effect of technologies in developed economies ,this have made the government of such tech savvy nations fully interested in these technology companies and their well being. They are seen as a national pride and they represent the future of those countries. Their government goes ahead to protect them against international influences, i remember vividly when Google was having issues in China, itwas not only a fight for Google but American government plays key role in that.We have also witnessed theCanadian government throw her full support at RIM/Blackberrry as their national pride.Across the African countries, where lies our national pride in technology?Which brand can we export to the world that can stand as a global brand in technology,that’s what am talking about.We have no pride in Technology all over the world,we are all dependants and that is digital slavary. In recent times following the exponential growth in Mobile related businesses in Africa,We have all agreed that the future of Africa lies in Mobile,yes,I agree but how many African companies will benefit directlyfrom these mobile boom.It is clear that the people that will directly benefit are the equipment manufacturers(like Nokia, Samsung,Blackberry and others), Software and application developers then the network providers.Which among these have Africa entrepreneurs positioned themselves to benefit from? A deeper look into this subject brings us to the question:How is the Internet exchanges in Africa developed?Do we have efficient Internet exchangePoints (IXPs) to route our internet traffic and data carrying our critical resources and information?The Internet Exchange Point is an important infrastructure to be considered in national development. The most worrisome is that this negative effect is handed down from generations to generations;the young generation of African Youthsare the ones to lead the change and make things right despite the daunting challenges. We cannot leave Africa the way we met her,We need to take our destinies in our hands. I applaud several tech based initiatives being powered by Young people across Africa,from Kenya,Ghana,South Africa,Egypt,Nigeria, Zambia,Cameroon to other nations in Africa. In all of these, we should understand where we are now,where we need to be and how to get there. We should also know the type of Start- ups we need in Africa right now to make the needed impact.Startups that can put us in the world map among the comity of nations like Facebook,Google, Twitter etc they are not there to fight their government. I have full conviction that African youths have great potentials that can change the world if harnessed and given the right environment. We need to start encouraging more young people to study Physics, Mathematics, Engineering, Software development, ComputerScience and related courses.We have dearth of competent professionals in these areas. I won’t conclude this without suggesting a few things that we need to do now to avert this perpetual digital enslavement. Africa urgently needs her own technologies,technology companies of global repute and a technology work force to handle all her tech needs. The African Union should see technology as a tool that will leapfrog Africa’s development and therefore develop a pragmatic roadmap for its achievement. The governmet of African nations should develop policies aimed at developing their nations through technology. They should make special preferences for Africa owned technology businesses and give them the support,protection and encouragement to grow into a global brand. Investment in technology development should be a deliberate and conscious effort by all Africans. Our leaders and people in government who have stolen public funds should also have the mind to invest in Africa in the area of technology development rather than stash the money in faraway Swiss boosting other economies. There should be several organisations,government,individuals and businesses who will provide grants,venture funds to young Africans to help them grow their ideas.This is really lacking in Africa.And there lies our furture. And finally our orientation about ourselves should change,we are not inferior in anyway!Viva Africa!!


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FG Offers Nine-month Amnesty for Illegal Dollar Holdings

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Federal Government on Thursday announced a nine-month programme beginning on October 31 that allows individuals to deposit dollar bills held outside the formal banking system without scrutiny.

Wale Edun

Wale Edun

It said the new initiative aims to address the rising costs of commodities influenced by the foreign exchange rate, driven by demand and supply dynamics.

Wale Edun, finance minister and coordinating minister of the Economy, revealed this after the 144th meeting of the National Economic Council, the country’s highest economic advisory body, chaired by Vice President Kashim Shettima at the State House, Abuja.

“There will be no penalty; there will be no taxes, and there will be no questions,” he told journalists at a briefing after Thursday’s conclave.

Edun said that, under this programme, individuals can bring in U.S. dollars in cash without facing penalties, taxes, or scrutiny, provided that the funds are not linked to criminal or illicit activities.

Participants will only need to meet the standard Know-Your-Customer requirements set by banks to secure these funds, integrate them into the financial system, and make them accessible for legitimate economic activities.

He explained, “One element of the cost increase is the foreign exchange rate, which is demand and supply. There will be a programme starting today, October 31, and lasting nine months that will allow people to bring in cash outside the banking system.

“[Such cash] is unsafe, insecure and outside legal limits. They will be allowed forbearance to bring dollars cash. Let me emphasise once again: it is to bring dollars that they are holding outside the system to get them in and credit it to their bank accounts, as long as it is not proceeds of crime or illicit money.

“They should just meet the standard Know-Your-Customer criteria of banks and have an opportunity to bring in those funds, making them safe, secure, and available through regular economic activity.

Edun said his ministry will first issue guidelines for the programme, followed promptly by additional guidelines from the Central Bank.

According to the Minister, this measure offers law-abiding individuals a way to formalise their cash holdings. It also provides the financial system with additional dollar reserves, which may help to stabilise the exchange rate.

“This is an opportunity, not just for people who would normally like to comply, to be compliant with the laws and normal business practice, but of course, it allows us to bring those dollars from where they are doing nothing to where they are within the financial system, they add to our reserves, and of course can help with the exchange rate,” he added.

Edun equally gave an update on government economic relief measures, saying 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.


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Wema Bank Launches Export Trade Academy to Empower Nigerian SMEs

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Wema Bank has announced the launch of the Wema Export Trade Academy, a comprehensive training programme designed to equip Nigerian Small and Medium Enterprises (SMEs) with the essential skills and tools needed to succeed in the competitive landscape of global trade.

Moruf Oseni, the Managing Director and Chief Executive Officer of the bank, this initiative represents Wema Bank’s commitment to enhancing the capacity of Nigerian businesses, supporting their ambitions to thrive on an international scale.

Oseni said the Wema Export Trade Academy is designed as a solution to these challenges faced by Nigerian SMEs when entering international markets.

The Academy is specifically structured to address each critical aspect of global trade, providing SMEs with targeted guidance on compliance, documentation, financial planning, and risk management.

Through the Wema Export Trade Academy, SMEs will benefit from expert-led sessions, mentorship from industry professionals, and practical insights into international business practices, positioning them to make significant contributions within global markets.

The programme also places emphasis on building a network of Nigerian exporters, encouraging peer support and collaboration, while fostering connections between businesses and international trade facilitators.

Oseni said: “This holistic approach to export training will enhance efficiency and productivity, empowering Nigerian businesses to become competitive players in the global economy.

“The Wema Export Trade Academy reinforces Wema Bank’s dedication to building the capacity of Nigerian businesses and supporting their evolution into formidable global competitors.

“By addressing the barriers in export trade, we are enabling Nigerian SMEs to seize new opportunities in international markets, which aligns with our vision to empower lives and support sustainable business growth.

“The Wema Export Trade Academy embodies Wema Bank’s pioneering spirit and commitment to providing SMEs with practical, impactful solutions.

“With comprehensive training on export processes and access to strategic financial products, the program stands as a testament to Wema Bank’s role as an enabler of growth for Nigerian enterprises.

“Wema Bank continues to set the standard for innovation within Nigeria’s financial services industry, supporting individuals and businesses across various sectors to achieve sustainable growth.

“The Wema Export Trade Academy represents the latest stride in Wema Bank’s mission to empower Nigerian SMEs, further strengthening its reputation.”


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MTN Foundation to Celebrate 20 Years of Impact with Anniversary Conference and Dinner

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MTN Foundation is set to celebrate a milestone—its 20th Anniversary—with a series of events designed to reflect on its contributions to communities across Nigeria.

The anniversary conference will take place on November 6, 2024, in Abuja, while the celebratory dinner is scheduled for November 14, 2024, in Lagos.

These events will bring together key stakeholders from both the public and private sectors, highlighting the Foundation’s commitment to sustainable development and community engagement.

Since its inception in 2004, the Foundation has been at the forefront of corporate social responsibility (CSR) initiatives in Nigeria. It was one of the first corporate entities in the country to establish a dedicated foundation for managing CSR activities.

The Foundation was officially commissioned in May 2005, with MTN Nigeria Communications PLC pledging to allocate up to 1% of its Profit After Tax (PAT) for funding various projects aimed at improving lives across the nation.

Over the past two decades, the Foundation has invested over NGN 24.73 billion into impactful projects that span all 36 states and the Federal Capital Territory (FCT). With more than 1,023 project sites across Nigeria, the Foundation has successfully executed 50 unique projects, reaching over 31 million people.

These initiatives have addressed critical areas such as education, health, youth empowerment, and arts and culture, making a significant difference in the lives of countless Nigerians.

As part of this celebration, the Foundation will unveil its new logo along with refreshed mission and vision statements.

This rebranding effort symbolizes a renewed commitment to its core values and goals as it looks toward the future.

Odunayo Sanya, Executive Director of MTN Foundation, expressed her enthusiasm for the upcoming celebrations and reflected on the journey thus far.

“This anniversary is both a celebration of our impact in Nigeria and a commitment to do more,” Sanya stated.

“We have always believed in the power of collaboration and community engagement to drive meaningful change.

“As we gather to reflect on our journey, we look forward to engaging with our partners and stakeholders to explore new avenues for sustainable development.”

The upcoming anniversary events aim to foster dialogue among leaders from various sectors, encouraging collaboration that can lead to innovative solutions for pressing societal challenges.

The conference will feature keynote speakers and panel discussions around national development and youth empowerment, as well as interactive sessions designed to inspire participants and share best practices in CSR and community development.

In addition to its focus areas, the Foundation has been instrumental in promoting digital literacy among Nigerian youth through various educational programs. By leveraging technology as a tool for empowerment, the Foundation has equipped thousands of young people with skills necessary for success in an increasingly digital world.

The anniversary conference and dinner are expected to be engaging experiences that will not only celebrate two decades of impact but also set the stage for future initiatives aimed at fostering community growth and resilience.

By bringing together diverse stakeholders, MTN Foundation hopes to ignite conversations that lead to actionable strategies for addressing Nigeria’s most pressing challenges.

The upcoming anniversary events promise to be an inspiring celebration of progress made while looking forward to new horizons in community development.

 


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