Connect with us

News

MainOne Discusses Economic Recovery, Growth Plan at 2017 IOD Fellows’ Luncheon

Published

on

(L-r): Samuel Yemi ‎Akeju, ‎president/chairman of Council, IoD Nigeria‎; ‎Ms. Funke Opeke‎, CEO of MainOne and Ms. Bennedikter Molokwu,‎ chairman, IoD Fellows Committee, ‎at the 2017 Institute of Director Fellow  Luncheon which held recently.‎
Spread the love

The prestigious Institute of Directors (IoD) Nigeria recently hosted at its annual Fellows’ Luncheon themed “2017 Budget Implementation and Challenges” with ‎Funke Opeke, CEO MainOne, highlighting the need for ‎ the nation to drive ICT sector development in order to trigger sustainable, economic growth.‎

This year luncheon held ‎at the Civic Center, Victoria Island, Lagos State had in attendance directors and executives from major industries in Nigeria deliberating on the Nigerian economic situation and the effect of government projected policies on businesses.

It also served as a platform to honor two distinguished Nigerians as Fellows of the Institute.

Funke Opeke, CEO MainOne, was one of the guest speakers at the event and presented a paper on the “2017 Economic Recovery and Growth Plan” and its impact on the business, with a particular focus on the ICT Sector.

She highlighted the elements of the plan and emphasized the need for the nation to drive ICT sector development in order to trigger sustainable, economic growth citing examples of developed countries like China who improved their economy using technology.

According to Ms. Opeke, “while the erosion in the economy appears to have slowed, the real transformation or expansion required to diversify the economy from oil or gain access to new enabling infrastructure is still quite nascent”.

She also touched on the challenges that the Nigerian business environment faces which makes business operations costly and inefficient with Nigeria currently occupying the 169th position out of 190 countries in the World Bank’s “2017 Doing Business Index”.

In concluding her presentation, she commended the ERGP as being laudable but stressed that effective implementation will be critical for its success.

Andrew Nevin‎, chief economist of PwC, also made a presentation on the macro-economic situation in Nigeria and highlighted the need for foreign capital to grow the economy.

The major highlight of the event was the conferring of the Honorary Fellowship Award on His Majesty, Nnaemeka Alfred Achebe, the Obi of Onitsha and the Distinguished Fellowship Award on Dr. Michael Olawole Omolayole based on their significant contributions to Corporate Nigeria. 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Ericsson to Showcase Music Connect at Mawazine Festival 2019

Published

on

Spread the love

Ericsson has announced its participation in the 18th edition of the Mawazine Festival, one of the world’s largest music events, taking place in Rabat, Morocco from June 21-29, 2019. Through a showcase of the future technology, Ericsson played Music Connect to exhibit how the future will look like with new innovations that are developed to create immersive experiences for audiences of such big events.

Music Connect enables musicians in different locations playing together in real time with harmony. It will enable more people to enjoy immersive performances than ever before.

The higher throughput connection and ultra-low latency enables musicians to practice and perform in real time and perfect synchronization, even when they are geographically apart. It will also allow musicians with disabilities to participate in musical events and receive or provide training without physically being present – transforming limitations into possibilities.

Music Connect highlights how connectivity can transform our interaction with arts, and the ways that 5G technology will revolutionize this industry – by providing a much more enhanced, enriching experience through connectivity across the globe.

Continue Reading

News

Titans of Tech Focuses on Local Content, Infrastructure Protection for Socio-Economic Growth

Published

on

Isa Pantanmi, NITDA DG
Spread the love

THE 2019 edition of prestigious Titans of Tech Award will hold in Lagos, Friday, July 19, 2019 at the Oriental Hotels Victoria Island with a special Roundtable on the growing importance of digital infrastructure protection in the quest to further Socio-economic Growth.

 

Don Pedro Aganbi, managing consultant, Technology Africa, who made this known to newsmen in Lagos revealed that the theme of the Leadership Roundtable is “Cyber security, Local Content Development, Big Data & Infrastructure Protection – Catalyst for Economic Growth And National Development.”

 

According to Aganbi, “An industry data claimed that Nigeria might have ceded about 70 per cent of the country’s technology market to brands due to apathy for locally made products”. Local content according to him is defined as the amount of incremental value added or created in Nigeria through the utilisation of Nigerian human and material resources for the provision of goods and services in the ICT industry within acceptable quality and standards, to stimulate the development of indigenous capabilities.

 

Speaking further he said that the widespread deployment of digital and other communication infrastructure is creating an unprecedented increase in the volume of data. It is this deluge of digital data that is now popularly called ‘big data.”

 

He stated that “data is the lifeblood and an essential ingredient for accountability in the digital economy.”

 

Aganbi noted that as the economy got more connected the need to safeguard data, secure transactions and protect digital infrastructure grew exponentially.

 

He explained that more and more people agree that the connected economy is precipitated by the Internet and is rapidly changing the way we work, socialize, create and share information. Indeed, it is continuously changing the way we organize the flow of people, ideas, and things around the globe.

 

The infrastructure, he said, that makes this possible undoubtedly is a strategic economic growth driver; and a catalyst for socio economic development.

 

So naturally the protection of such infrastructure, particularly of rapidly growing digital infrastructure, is akin to ensuring the survival of the emerging digital society and sustaining economic growth, he revealed.

 

Aganbi made it known that several seasoned industry experts and leaders are expected to attend and participate in the seminal leadership round table session.

Continue Reading

News

AfDB Hosts Masterclass on Women’s Skills in Business Development

Published

on

Spread the love

The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed at improving women’s skills in business development and financial management.

40 business women, who came through an online application process, will attend the two-day masterclass, which will cover financial planning, lean start-up methodology and business model canvassing.

A mentoring and coaching session will help participants to broaden their skills. The masterclasses are jointly conducted by the African Development Bank Group (www.AfDB.org) and Entreprenarium, a pan-African foundation that invests philanthropic capital in the training and financing of women and young entrepreneurs.

Speaking at the opening, African Development Bank Regional Director General, Kapil Kapoor, queried development agendas that discriminate 50% of the population on regulation, skills development, access to information. “We would like to put gender at forefront of our development agenda to cause a transformation that is inclusive. This is a forum where the Bank can do differently to bring about this transformation,” he said.

The training forms part of the Bank’s goal to support over a thousand women entrepreneurs in six African countries. Training has already occurred in the Cote d’Ivoire, Gabon and Kenya, and is under way in Tunisia. From the first three countries, applications for financing are being reviewed with a view to support the most promising projects.

Despite South Africa being the second largest economy in Africa, the nation has very high levels of unemployment (59% youth, 29.5% women), huge disparities in income and too many unskilled youth and women. Many youth and women face numerous challenges that include unaffordable bank fees for those on low incomes, a lack of trust in financial institutions, and informal borrowings.

Access to finance in South Africa remains a challenge, especially to black African women. Some of the major obstacles include inadequate financial literacy; the banking sector’s fear of their perceived risks of lending to women; economic empowerment targets that exclude women’s enterprises; and inadequate or inappropriate bank products.

Entreprenarium has been working with women entrepreneurs throughout Africa since 2004 and has trained over 2,000 entrepreneurs.

Speaking for Entreprenarium, Frédéric Ngirabacu, Chief Operating Officer said, “We developed this programme to support and empower resilient and innovative women entrepreneurs all across the African continent, because they have a right to the same opportunities as men to build their financial autonomy in a sustainable way.”

AFAWA is a powerful and creative new initiative that intends to mobilise over $3 billion of financing for women-empowered businesses in Africa to reduce women’s business vulnerability and liberate unused human potential for sustainable and equitable growth.

Continue Reading

Trending

Copyright © 2017 Communication Week Media Limited.