Connect with us

Telecom

Pantami @ GiTEX 2020, Says $50m Investments Hit Nigeria

Published

on

Kindly share this post

Dr. Isa Ibrahim Pantami, minister of Communications and Digital Economy, yesterday, said that some $50 million foreign investments have already been attracted into the economy for the support of various start ups in the country through its digital economy and innovations policy.

Pantami @ GiTEX 2020, Says $50m Investments Hit Nigeria

Dr. Isa Ibrahim Pantami, minister of Communications and Digital Economy

Pantami disclosed this while speaking with news men in Dubai, United Arab Emirates, shortly after unveiling the Nigeria Pavillion at the 40th Gulf Information Technology Exhibition (GITEX 2020).

The minister noted that the journey of startups is a tough one, but urged them to be consistent and steadfast as the breakthroughs might come after several years.

According to him, Nigeria was not lacking in terms of innovative ideas, stating that it is the plan of the government to identify the challenges confronting the start-ups and see how government can assist them.

He pointed out that start-ups in Lagos and Abuja have really made Nigeria proud as they keep attracting foreign investments into the country.

“The startups need to be mentored, any start ups without mentorship cannot be successful on the platter of gold, you need to be patient, and consistent.

“You have to be steadfast and partake in critical thinking as well as be analytic. The main challenge is not about funding but mentoring. That is why our focus now is on mentoring our young start ups.

“We are also providing the enabling environment for them to strive, so you discover that in the proposed finance bill 2020, there is reduction in small and medium enterprises taxes.

“If we are able to implement this plan in the next five years, our start ups are going to be celebrated not only in Nigeria, but globally,” headed.

Pantami said Amazon became a global brand with huge profit today after several years of trials and failures, expressing confidence that Nigeria start ups which attracted the 50 million dollars investments give hope that the future would be bright for the country.

In his address, Kashifu Abdullahi, director general of the National Information Technology Development Agency (NITDA), said about 10 Nigerian start ups would be showcasing their innovations in Dubai this year.

He reiterated the commitment of NITDA to continue encouraging all Nigerians to invest and participate in efforts that would boost innovation and digital economy in the country.


Kindly share this post

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.

Telecom

MTN Group Service Revenue Hurt by Nigerian Regulatory Issues

Published

on

Kindly share this post

MTN Group has reported a lower service revenue for the nine months ended September 30 as regulatory registrations in Nigeria hurt subscriber numbers in the region.

MTN Group Service Revenue Hurt by Nigerian Regulatory Issues

MTN, with 288 million subscribers in 17 markets across Africa, said its group service revenue fell to $6.99 billion from $8.55 billion in the same quarter last year.

The group reported a 48.7% plunge in revenue from MTN Nigeria due to the devaluation of the currency, but noted that “the naira was less volatile on a sequential basis in Q3 than in preceding quarters”.

Its biggest contributor, MTN South Africa (MTN SA) grew marginally by 3.3% and Uganda followed suit with 5% growth helped by a firmer Ugandan shilling compared to last year.

The company said its subscriber base grew by 1.6% to 288 million, affected by “subscriber registration regulations in Nigeria and a decline in users in Sudan, where millions of people have been displaced by the conflict.”

 

 

 

 


Kindly share this post
Continue Reading

Telecom

5G Users Ready to Pay More for Premium Connectivity Services – Report

Published

on

Kindly share this post

A new report from global technology leader Ericsson highlighted that 35 percent of 5G users are willing to pay for premium services that exceed standard 5G offerings, driven largely by the demand for seamless performance in high-traffic areas and GenAI applications.

5G Users Ready to Pay More for Premium Connectivity Services - Report

Ericsson’s findings revealed that consumer expectations are shifting; 5G users are not only seeking improved network quality but are also prepared to pay up to 35 per cent more for “differentiated connectivity” that assures consistent, high-speed performance.

Performance-sensitive activities like video calling, streaming, and generative AI are particularly driving this trend, opening new revenue opportunities for telecom operators.

The report indicated that by investing in premium connectivity options, telecom companies could see revenue increases of 5-12 per cent.

Ericsson suggested these operators could capitalise on this demand by introducing quality-on-demand APIs for application service providers, a strategy that could unlock innovative monetisation paths.

“Today, 5G users are looking for performance assurance on core services like video calls and streaming, while GenAI users are even more eager to pay a premium that is 35 percent higher than these core services,” Ericsson reported, underscoring the expanding role of high-performance connectivity in everyday digital experiences.

Ericsson also found that network quality is essential in consumers’ daily routines, with expectations for uninterrupted, high-speed access—especially in crowded environments like stadiums, transport hubs, and malls.

Forty two per cent of 5G users expressed a desire for improved connectivity in these high-traffic locations.

Additionally, user satisfaction has notably increased with 5G, with 38 per cent of 5G customers reporting high satisfaction levels—a 10-point improvement over 4G users.


Kindly share this post
Continue Reading

Telecom

Airtel Nigeria Reinforces Commitment to Youth Empowerment Hosts UNICEF GenU 9JA Steering Committee Meeting

Published

on

Kindly share this post

Airtel Nigeria hosted the 2024 UNICEF Generation Unlimited (GenU) Steering Committee meeting at the Airtel Nigeria headquarters in Banana Island, Lagos, yesterday.

The breakfast meeting served as a collaborative forum, bringing together stakeholders from government, the private sector, and civil society to review GenU 9JA’s progress in providing Nigerian youth with digital learning, upskilling, and pathways to meaningful employment.

In his opening remarks, Chief Executive Officer at Airtel Nigeria, Carl Cruz expressed Airtel’s dedication to supporting the youth. “It is a privilege for Airtel to host this significant meeting and reaffirm our commitment to an initiative that holds the power to transform the lives of millions of young Nigerians.

“By equipping our youth with essential skills and resources, we not only support their individual success but also contribute to Nigeria’s social and economic growth,” he said.

Mr. Cruz further highlighted Airtel’s leadership in providing connectivity for digital learning, noting, “With the support of our UNICEF partners, we have connected 1,260 schools across Nigeria to digital learning, enabling 600 children to access educational platforms like the Nigeria Learning Passport and Yoma Africa.

“This connectivity is not just about internet access; it is about creating an equal playing field for young people, giving them access to quality education and skills essential for their future.”

The event saw participation from a host of other GenU 9JA partners, including IHS Towers, ATC, Unilever, Jobberman, Microsoft, Tony Elumelu Foundation, the Federal Ministry of Education, the Ministry of Youth and Sports Development, GIZ, World Bank, ILO, UNDP, UNFPA, the EU Delegation, and the Government of the Netherlands.

While delivering a report on GenU 9JA digital learning, Director of Corporate Communications and CSR at Airtel Nigeria, Femi Adeniran, reiterated Airtel’s dedication to driving digital inclusion and youth empowerment in support of Nigeria’s socio-economic development.

“For us at Airtel, we are actively involved in connecting schools and advancing digital learning for young Nigerians. Looking back at the debut of our partnership with UNICEF in 2023, we have exceeded our initial expectations in school connectivity, which highlighted the significant gaps in Nigeria’s educational system.

This year, we have made even greater strides and our involvement in initiatives like the Nigeria Learning Passport reflects our commitment to bridging this gap by expanding digital access, fostering learning, and building essential skills nationwide to support young Nigerians,” he said.

“Also, it would interest everyone to know that Airtel Nigeria’s new Home Broadband thematic campaign, ‘Live Limitless’, resonates strongly with the GenU 9JA ‘We No Get Limit’ motto, which underscores our dedication to empowering young Nigerians to unlock their full potential without barriers.

This commitment drives us to continue creating and promoting opportunities that equip the youth for a brighter future” he added. The GenU Steering Committee meeting served as a valuable platform for Airtel and other partners to deepen their commitment to the GenU 9JA mission.

By fostering collaboration and driving impactful initiatives, Airtel demonstrates its corporate social responsibility by actively contributing to programs that uplift Nigerian youth and promote sustainable development across the nation.

 


Kindly share this post
Continue Reading

Trending