Telecom
Honeywell Group Partners Lagos Innovates to Upskill Young Tech Entrepreneurs
Honeywell Group (HGL), leading Nigerian investment holding company, has partnered with the Lagos State Government and Lagos Innovates, the tech arm of Lagos State Employment Trust Fund (LSETF) to support the growth of one of Africa’s most exciting tech ecosystems.
The partnership is executed via a talent development programme under ‘Lagos Innovates’ – a training project conceptualised to ease the process of building successful tech start-ups in Lagos State.
The initiative aims at providing tools to enable young tech-preneurs to build successful start-ups within the state and has received support from HGL over the past three years. One of the programme’s core objectives is to assist the very best tech startups and founders in Lagos State who have the basic requirements to acquire relevant skills needed to compete in today’s global marketplace.
Commenting on the partnership, Tomi Otudeko, head of Corporate Services, Honeywell Group, said: “Creating long-term value for Nigeria and its people has always been at the heart of Honeywell Group’s mission.
“We are invested in impacting our communities, and the tech ecosystem in Lagos is filled with ideas that can revolutionise how we think and operate as a society.
“We also understand that these young minds need support in accessing the tools and the people required to grow their ideas. It is our duty to support them in any way that we can.
“We are excited to meet these new faces of technology and to partner with Lagos State and Lagos Innovates in easing the path to success.”
Also commenting on the programme, Teju Abisoye, executive secretary of LSETF, stated “We are delighted to partner with Honeywell Group to develop a talent pool of tech entrepreneurs who can compete favourably with their peers across the world and improve results in the tech eco-system.
“LSETF and Honeywell Group are committed to ensuring that young people are equipped to drive the growing tech ecosystem in Lagos and Nigeria at large, in addition to positioning themselves for the gig economy.
“Through this partnership, we hope to cement Lagos’ position as the leading destination for start-ups in Africa. We look forward to seeing the impact of the training on job creation.”
Creating investor-ready start-ups is vital to the overall growth of the economy, and this talent development programme recognises that there is a need to help increase the investment attraction and ultimately, survival rates of Lagos-based start-ups.
In partnership with HGL, Lagos Innovates is supporting capacity development in Lagos State by facilitating access to an integrated development environment (IDE) or tech-focused entrepreneurship content and programming.
The training, which will span over 24 weeks, will involve courses on full-stack development with JavaScript (React JS, Node.js, Express and Mongo DB + API Development); full-stack development for mobile applications (React Native, API Development); Python Programming for web and data science (PYTHON OOP, DJANGO & Data Science); frontend design and engineering: (UI/UX, HTML, CSS, ES6 & React JS); full-stack web development, and others.
Applicants must be Lagos State residents (with LASRRA) between the ages of 22 and 45 and have completed the mandatory NYSC programme as at the time of application. The application process is open and running.
Following the successful completion of two training sessions under the programme, the third is slated to begin in July 2022, and applications are open to all individuals based in Lagos.
In line with one of its critical objectives to help grow the next generation of pioneering African companies, Honeywell Group has invested in the initiative over the course of three years and has a long-standing partnership with LSETF.
Training partners for the programme include Skill Paddy, The Nest, DesignU, GOMYCODE, Seed Builders Innovation Hub, Slate Cube, Softwork Freelance Network, Univelcity, Dataleum and Torilo Academy.
Interested applicants can apply and select the courses and training partners of their choice at www.lagosinnovates.ng. Successful applicants will be announced in July after a two-week screening and selection process by the programme’s steering committee.
Telecom
Suspected Lakurawa Terrorists Kill 3 Telcoms Workers in Kebbi
Terrorists belonging to Lakurawa group have reportedly killed three staff of a leading telecommunication firm.
The insurgents were said to have invaded a construction site at Gumki village in Arewa Local Government Area of Kebbi State.
The bandits reportedly attacked a construction site at Gumki village in Arewa Local Government Area of Kebbi State when their victims were installing a surveillance mast for the Nigeria Immigration Service and killed them and one other person who is yet to be identified.
There was a conflicting report of which organization the victims belonged as the police said three of the deceased were Airtel staff and the residents identified them to be Immigration staff.
A staff of Sir Yahaya Specialist Hospital however corroborated the villagers, saying the three victims brought to the hospital were Immigration staff.
But SP Nafiu Abubakar, police spokesperson, said four persons lost their lives, one indigene and three staff of Airtel.
He said from the report the police got, Bello M Sani, state Commissioner of Police, alongside with CIS Muhammad Bashir, Comptroller, Nigeria Immigration Service, Kebbi State Command, Lawali mobilized their men to the scene to evacuate the corpses to Sir Yahaya Memorial Hospital in Birnin Kebbi.
He said his CP has deployed additional tactical teams to the area and charged them to decisively deal with the suspected bandits operating in the area.
He said the CP also had meeting with people in the area and appealed to them to always assist the police and other security agencies with relevant information for their prompt response.
Telecom
Nigeria Has World’s Most Affordable Data Costs – GSMA
Nigeria has an average data cost of $0.38 per gigabyte, making her the most affordable countries globally and one of the cheapest in Africa for mobile data services.
United States averages $6 per gigabyte and South Africa with $1.77 per gigabyte rank the highest globally and in Africa respectively.
According to the GSMA, Nigerian data costs, as a percentage of Gross National Income (GNI) per capita, are among the lowest across Africa.
The reports by the body lends weight to telecom operators advocacy for tariff adjustments to address economic pressures threatening the sector’s sustainability.
The GSMA report, titled “The Role of Mobile Technology in Driving the Digital Economy in Nigeria,” highlighted Nigeria’s competitive data pricing, which is significantly lower than other African nations, such as Kenya ($0.59 per gigabyte), Ethiopia ($0.68 per gigabyte), and South Africa ($1.77 per gigabyte).
By contrast, the United States averages $6 per gigabyte, underscoring Nigeria’s advantage in offering cost-effective connectivity.
The cost of mobile data in Africa varies greatly by country and region.
Data costs can refer to the cost of mobile data or the cost of acquiring, maintaining, and using business data.
In 2023, the average cost of 1 GB of mobile data in Sub-Saharan Africa was $3.31, while in Northern Africa it was $0.86.
Telecommunications operators in Nigeria have been requesting some policy changes as well as tariff rebalancing to enable them deliver support to the Government’s digital economy objectives.
They have called for the simplification and improvement of the Right of Way (RoW) charging and administration process, harmonised across the country
According to them, all government authorities (at national and sub-national levels) should apply the national maximum RoW fee of N145 per/LSQM adopted by the National Economic Council (NEC) for the deployment of fibre across all states in Nigeria.
There should be a single point of contact in each state for the RoW application process while the duration for the approval process should be digitalised and limited to a maximum of one month.
Simplification and reduction of the tax burden on the mobile sector
On tariff, recall that the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON) had urged the Nigerian Communications Commission (NCC) to consider reviewing tariffs upward to address rising operational costs.
Nodding in agreement, Bismarck Rewane, chief executive officer, Financial Derivatives, said the proposed tariff hike by telecommunications will help reduce inflation in the country.
He said it would help to reduce inflation because it increases productivity, stressing that the price of MTN shares went up by 10% to 220.
Rewane reiterated that investors had already factored that in, adding that they are expecting a lot of good goodies.
“But more important to think about is the fact that because of an increase in tariff and an increase in investment to make the industry sustainable, they’re going to see an increase in productivity, not directly but indirectly.
“Any increase in productivity and output is likely to allow inflation to moderate, which is the goal. So, we heard from the policymaker, Bosun Tijani, who was very clear that we want a sustainable sector. But we also heard from the regulator saying that we will hold these guys to quality of service.
“We also heard from the operators, MTN that they are all revving up. So in all, there are economic benefits because of increased output and productivity. Two, policymakers are aligned because they want this to lead to a moderation in inflation,” he added.
He further said that it was not a bad deal and re-echoed the minister’s comment that the tariff hike will not be 100 per cent.
“Will they get 100%? No, they will definitely not. We suspect that we are going to likely see something between 40 and 50% which is fair after so many years of static changes,” Rewane added.
Telecom
Bismarck, Economist Claims Planned Tariff Hike by Telcos Will Reduce Inflation
Bismarck Rewane, chief executive officer, Financial Derivatives, has said the proposed tariff hike by telecommunications will help reduce inflation in the country.
Rewane made this statement on Channels Television’s Business Morning on Thursday.
Recall that Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON) had urged the Nigerian Communications Commission (NCC) to consider reviewing tariffs upward to address rising operational costs.
On January 3, Karl Toriola, chief executive officer (CEO), MTN Nigeria, said telcos want a 100 percent tariff hike.
According to Rewane, who previously supported the plans for a tariff hike, the move will make the sector more sustainable.
He said it would help to reduce inflation because it increases productivity, stressing that the price of MTN shares went up by 10% to 220.
Rewane reiterated that investors had already factored that in, adding that they are expecting a lot of good goodies.
“But more important to think about is the fact that because of an increase in tariff and an increase in investment to make the industry sustainable, they’re going to see an increase in productivity, not directly but indirectly.
“Any increase in productivity and output is likely to allow inflation to moderate, which is the goal. So, we heard from the policymaker Bosun Tijani, who was very clear that we want a sustainable sector. But we also heard from the regulator saying that we will hold these guys to quality of service.
“We also heard from the operators, MTN that they are all revving up. So in all, there are economic benefits because of increased output and productivity. Two, policymakers are aligned because they want this to lead to a moderation in inflation,” he added.
He further said that it was not a bad deal and re-echoed the minister’s comment that the tariff hike will not be 100 per cent.
“Will they get 100%? No, they will definitely not. We suspect that we are going to likely see something between 40 and 50% which is fair after so many years of static changes,” Rewane added.
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