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Diamond Bank partners MTN, VISA, Microsoft, NIBSS, Others to unveil TECH FEST

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Nigeria’s technology space is set to witness a game-changing experiential platform with the unveiling of Tech Fest by Diamond Bank Plc in partnership with MTN, Visa, Microsoft, NIBSS, Deloitte and Touche, Interswitch and Beat FM.

 

Scheduled for Tuesday, 15 and Wednesday, 16 May 2018 at the Landmark event Centre, Oniru, Lagos, Tech Fest will feature the best talent in the Nigerian technology space – one of the country’s fastest growing sectors.

 

The event will showcase technological solutions for businesses, connect technology providers with new markets and provide access-to-market opportunities for tech start-ups amongst others.

 

Uzoma Dozie, Chief Executive Officer, Diamond Bank, Speaking at the official unveiling of the event, stated, “Tech Fest for me, is a platform that we can share with our customers to help them get the best of technology and to partner together to run better businesses.

 

“If there is one thing we have learned at Diamond, it is that you can’t do everything on your own and you need to collaborate if you are going to win and be the best at what you do”.

 

Emezino Afiegbe, Country Director, VISA, expressed his company’s excitement to partner with Tech Fest.

 

In his words, “We are happy to collaborate with reputable firms like Diamond, MTN and others to make Tech Fest a success.

 

“We are here to provide support to retail customers and consumers to make payment seamlessly, securely and as quick as possible.

 

“We believe that if they can make payment quickly and safely, we are sure that GDP will grow for not just the country but also prosperity in the region.

“It all starts here and we are happy to be part of this journey as we go into the future”.

 

Telecoms giant, MTN through its General Manager, Enterprise Business Unit, Barbara Anozia, told newsmen at the event that MTN’s vision is to offer customers a whole new digital world and make their lives brighter using technology to help them grow and this informs their decision to partner with Tech Fest.

 

Commenting on what to expect from Deloitte and Touche at Tech Fest, the company’s West Africa Consulting Leader, Yemi Saka said, “We at Deloitte and Touche understand that business advisory is a key aspect of the entire value chain of any entrepreneurial venture.

 

“So, we are bringing to the table a global perspective, innovation and exponential technologies that we are working on as we seek to engage with a wider ecosystem”.

 

Tomi Ogunlesi, Corporate Brand Manager, Interswitch expressed appreciation as one of the partners of Tech Fest. “I call it TECHFEST 2018 because we believe the conversation will be sustained.

 

”Essentially for us at Interswitch, it is about curiosity, collaboration and co-creation. We are happy to work with Diamond Bank and other partners to make this happen,” he stated.

 

The event also featured partners like Microsoft, Beat FM and NIBSS who affirmed that Tech Fest will provide opportunities for SMEs and young tech entrepreneurs to network and meet sponsors, financiers and partners that will help them grow their businesses.

Tech Fest is open to all who want to connect, collaborate and co-create new ideas that solve real problems for Nigeria.


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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

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

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Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.

While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.

The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.

“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.

New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”

The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.

The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.

Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.

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 on 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 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.

A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.

“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”

 

 


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Telegram Eyes 1Bn Users amidst Political Pressures

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Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.

Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.

With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.

Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.

Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.

In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.

 

 


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NITDA, NIMC Announce Collaboration To Strengthen Digital Economy

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To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.

During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks


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