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Buhari Inaugurates Council on e-government

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President Muhammadu Buhari Friday in Abuja inaugurated the Presidential Council on Digital Economy and E-government, promising that his administration will continue to take advantage of digital technologies to transform every sector of the economy.

The president directed the Minister of Communications and Digital Economy, Isa Ali Ibrahim (Pantami), to chair the Council on his behalf and give regular updates.

He tasked members of the Council to work towards further strengthening the capacity of government to develop, adopt and deploy digital technologies to make government more efficient and transparent, thereby improving Nigeria’s global standing in the ease of doing business index.

The president noted that the Council, whose members have been arrived at after a painstaking and thorough process, would provide the oversight needed to bring about a veritable structure for accelerating achievements in the digital economy and in the implementation of e-government in the country.

He enjoined every member of the Council to consider the task as a national assignment and justify the trust reposed in their ability to support and significantly enhance the digital transformation of Nigeria.

‘‘I launched the National Digital Economy Policy and Strategy (NDEPS) on the 28th of November, 2019 and expanded the mandate of the then Ministry of Communications to include Digital Economy.

‘‘The implementation of that policy and mandate has enabled us to achieve significant progress and record a number of unprecedented achievements.

‘‘The impact of the COVID-19 pandemic on the global economy showed that the steps we took in developing and implementing NDEPS were indeed timely.

‘‘For example, the Information and Communications Technology sector was the fastest growing sector in both the fourth quarter of 2020 and the entire year 2020, based on the Report by the National Bureau of Statistics.

‘‘The sector’s 14.70% double-digit growth rate was instrumental in supporting our country to exit the recession triggered by the COVID-19 pandemic, far earlier than predicted by experts.

‘‘The significant contribution of 17.92% by the ICT sector to our GDP in the second quarter of 2021 is another example of the important impact of the digital economy on the overall economy.

‘‘In the same vein, the growth of our digital economy sector enabled us to cope with the effect of the lock-down as both activities of the government and private sector, as well as educational activities, were able to move to online platforms,’’ he said.

Furthermore, President Buhari expressed delight that the approval of the National Policy on Virtual Engagements for Federal Public Institutions has helped to formalise government online meetings.

He noted that statutory meetings like the Federal Executive Council (FEC), Council of State, and other meetings can now effectively and legally take place online.

He added that Nigeria’s progress in e-governance has been noted by the international community, eliciting recognition from international stakeholders including the appointment of the Minister of Communications and Digital Economy as the Chairman of the 2022 Forum of the highly regarded World Summit of the Information Society.

While congratulating the Minister, the president acknowledged that the Ministry has partnered with the Korea International Cooperation Agency to develop a National e-government Master Plan, approved by FEC in August 2019.

The President listed benefits from the partnership including; “the training of over 1,400 Nigerian public servants in both Nigeria and South Korea on e-governance; the launching of an E-Government Training Centre handed over to the Federal Government in November 2019 and the signing off of Phase II of the e-government Project – “Project for Building Foundations Towards Digital Governance in Nigeria (2020-2026).’’

In his remarks, Mr Pantami noted that NDEPS launched in 2019, made provision for the establishment of the Presidential Council to coordinate the development of an indigenous digital economy.

Describing the implementation of NDEPS for a digital Nigeria as very successful, the Minister said in the last two years, the sector has provided ICT intervention to no fewer than 1,667 institutions at the Federal and sub-national levels.

He added that the recent auctioning of spectrums by the Ministry generated over 400 per cent revenue to the Federal Government coffers while two virtual institutions established by government have trained some 500,000 Nigerian on digital and emerging technologies.

The 27-man committee chaired by Pantami on behalf of the President has the following members: Boss Mustapha, Secretary to the Government of the Federation; Muhammad Inuwa Yahaya, Governor of Gombe State; Nasir Ahmed El-Rufai, Governor of Kaduna State; Abdullahi Sule, Governor of Nasarawa State; Godwin Obaseki, Governor of Edo State, Babajide Sanwo-Olu, Governor of Lagos State and Senator Hope Uzodinma, Governor of Imo State.

Others are Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment; Dr. Folasade Yemi-Esan, Head of Civil Service of the Federation; Prof. Umar G. Danbatta, Executive Vice Chairman/CEO Nigerian Communications Commission; Prof. M.B Abubakar, Managing Director/CEO, Galaxy Backbone Limited; Dr. Abimbola Alale, Managing Director/CEO, Nigerian Communications Satellite Limited and Engr Aliyu A. Aziz, Director General/CEO, National Identity Management Commission.

Also in the committee are Mr. Oswald Osaretin Guobadia, Senior Special Assistant, (Digital Transformation) to the President; Engr Olufemi Olufeko, Director, e-Government Dept, Federal Ministry Of Communications and Digital Economy; A.B. Okauru, Director General, Nigeria Governors Forum; Prof. Simon Adesina Sodiya, President Nigeria Computer Society and Gbenga Adebayo, Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON).

Other members are Kabiru Bala, Representative of Academia and Vice Chancellor, Ahmadu Bello University, Zaira; Prof. Nnenna Oti, Representative of the Academia and Vice Chancellor, Federal University of Technology, Owerri and Kashifu Inuwa Abdullahi, Secretary and the Director General/CEO, National Information Technology Development Agency.

Mr. Sungil Son, Country Director (KOICA), Dr Olufemi Adeluyi, Technical Assistant (Research & Development) to Hon. Minister of Communication & Digital Economy and Abubakar A. Dahiru, Special Assistant (Cyber Security & Digital Identity) to the Minister are also members of the Committee.


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FG to Toll Lagos-Ibadan Expressway, Second Niger Bridge, Others

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Federal government will toll all major roads in the country upon completion of construction and renovation because Nigerians are ready to pay for good roads once their safety and convenience are guaranteed, according to Dave Umahi, minister of Works.

FG to Toll Lagos-Ibadan Expressway, Second Niger Bridge, Others

Dave Umahi, minister of Works

“We have the Lagos-Ibadan (Expressway), we are completing it and we are tolling it,” Umahi said on Thursday in Abuja at an Inter-Ministerial Press Briefing, part of activities to mark Nigeria’s 64th independence anniversary.

He listed some of the roads as Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Road, and Makurdi-9th Mile, among others.

The former Ebonyi State governor said the tolling of federal roads “is going to bring a lot of money to the Federal Government”.

Umahi said private sector members have been engaged “to bring in funds, construct these roads, work with the Infrastructure Concession Regulatory Commission and the Ministry of Works to toll these roads”.

The minister said the government would start with the Keffi-Makurdi Road that has been completed, stating that his ministry has been engaging with the Ministry of Finance for a paperless mode of payment.

He said, “For example, we are completing the Lagos-Ibadan, we are working on Makurdi to 9th Mile in Enugu State, we are working from Abuja to Lagos. These roads are going to be tolled. But we are not just tolling them, we are bringing confidence in the use of these roads.

“If people can travel at night because we are bringing security, where the response time will be 10 minutes on the entire corridor, where you have solar light permanently there and then reduce travel time, and through the tolling, the roads are maintained, then, there will be confidence because Nigerians will pay if the roads are good.”

He said before now, road developments have not been handled as investments but the administration of President Bola Tinubu has been handling road developments more professionally.

He said the present administration inherited a total of 300 damaged roads and bridges, adding that more road constructions would commence from October 1, 2024, across the six geopolitical zones of the country.


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Afrinvest Pioneers Remittance for Investment in Nigeria Through Integration with Western Union

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Afrinvest (West Africa) Limited (“Afrinvest”), a leading investment management holding company acting through its wholly owned subsidiary, Afrinvest Asset Management Limited, a fund manager licensed by the Securities and Exchange Commission (SEC), has announced a strategic integration with Western Union, a global leader in money transfer services.

The integration, according to a statement, enables Nigerians in the diaspora to remit funds directly for financial investments through the Optimus by Afrinvest investment platform.

This integration, a first for Western Union with a partner company in Africa, enables Nigerians to remit funds from nearly every country worldwide for financial market investments in Nigeria without relying on family, friends or other intermediaries.

“We are thrilled to integrate with Western Union to bring this groundbreaking service to Nigerians in the diaspora. This integration aligns perfectly with our mission of simplifying investment, improving access to investment opportunities, and guiding people on how to create wealth.

“By providing a direct channel to remit funds for investment, we are making it easier for Nigerians in the U.S., U.K., Cameroon, Ghana, Canada or wherever Western Union operates worldwide to create wealth while participating in the growth of the Nigerian economy,” said Chief Executive of Afrinvest Group, Dr. Ike Chioke.

Ayodeji Ebo, Chief Business Officer of Optimus by Afrinvest, said, “We are excited to offer a robust, convenient, and secure platform for Nigerians to access a wide range of investment options that suit various risk appetites and nancial goals. Optilock, our high- yield investment plan returns as high as 20% and 7% per annum for the Naira and Dollar options, respectively.”

He said, “the Nigeria International Debt Fund offers investors with low to medium risk appetite access to longer term fixed-income securities like FGN Bonds, Corporate Bonds and selected money market instruments. Investors who opt for the Afrinvest Dollar Fund get access to Eurobonds and other dollar-denominated securities.”


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PayU GPO Strengthens Nigerian Presence with New Country Manager Appointment

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PayU GPO has announced the appointment of Eze Ugochukwu as Country Manager in Nigeria. As part of PayU’s strategic investment and expansion in Nigeria, Ugochukwu’s appointment underscores our commitment to growth and innovation in the market.

Ugochukwu – who has extensive fintech experience spanning 17 years – has served as PayU’s Director/Product Manager in Nigeria for nearly a decade, leading in the conceptualization and development of customer centric solutions critical to the market.

PayU Africa CEO Karen Nadasen stated, “Nigeria is a pivotal and rapidly growing economy for the African region, offering immense opportunities for digital payments and e-commerce expansion.”

“Ugochukwu’s appointment is testament to our investment in this market, as his experience and leadership will mark an exciting era of digital technology driving wider financial inclusion.”

As Africa’s biggest e-commerce market, Nigeria is primed for greater growth, as consumer spending and revenue is set to continue in its rise, and along with it will be the growth of the payments industry in enabling convenient and seamless payments processing.

Beyond appointing a new Country Manager, PayU plans to hire 10 developers in Nigeria to boost local tech capabilities within the country and drive growth and innovation.

Further, the online payment service provider plans to enhance local infrastructure to reduce data costs, and boost technology and talent as part of its long-term investment in the country.

“At PayU, we are dedicated to broadening our local services and capabilities and strengthening our foothold in Africa. We remain steadfast in our mission to offer the best in efficient alternative payment methods that cater to the needs of consumers in each market,” Nadasen added.

PayU prides itself in having local expertise with a global reach, offering seamless online payments services in over 50 emerging markets.

 


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