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Research & Development Key to ICT Growth —Madu
Engr, Peter Madu, chief executive officer of ACTI-Tech Limited is a thorough breed engineer in electrical electronics. Within his over 20 years working experience in engineering and computer, he has worked both at home and abroad in key computer companies. He spoke to chris alu in Abuja on industry issues as well as ACTI-Tech.
About ACTI-Tech
We are playing in the information technology space of the economy, but specifically we are very active in the Audio visual sector, computer networking be it Local Area Network (LAN) or Wide Area Network (WAN), also we are partner to Cisco as well as distributor to major information and communications technology manufacturer in Germany, Beyerdynamic.
More so, we provide security surveillance equipment to organizations as well, which includes access control and finger print. Through our partnership with them, we provide the most reliable and efficient electronic field unit that capture biometric information. At ACTI-Tech we render such other services like data, video and voice engineering.
Market strength
There is a large market here, compared to other countries in fact Nigeria is the highest consumer of ICT in the whole of Africa, you are looking at a country of 140 million people and if you talk about the active people that are expose to ICT it should be up to 40 to 60 percent of the population. People consume our products in the villages than anything else. And there is large market and demand for ICT products and most of it is untapped. This creates a business opportunity for organizations in expanding deployment of ICT products and services to the rural people, which will bring about total transformation of life in those areas.
Quality of Audio Visual Network
The audio visual technology is essential product to the growth of ICT and most of the technology has not really penetrated into the Nigerian market, for the past 8 or 9 years, we have been involved in audio visual technology and partnering with Beyerdynamic. We have attend trade shows and exhibition in Germany them include the co-light and sound workshops which is actually focus on audio visual technology manufacturers and users. In Nigeria, it is not properly understood by many people, for instance who are the greatest users of this technology? It is the churches and Muslims. But very few of them know the important of audio visual technology which they used in carrying out their activities. About 90 percent of them patronize fake visual products which are cheap and make unnecessary noise, beside they use untrained hands that use these products.
Unfortunately, there is nobody of government that is regulating the use these substandard products. For example, in some of the churches it is common for one to find a hip of audio speakers some of them work for just one mouth and they pack up.
So, you see that nobody is actually regulating what is coming into the market, and even the noise they pollute in the air is nobodies business. This is as a result of fake visual and audio products, I hope if a body is created to over see what people are buying and what they stand to gain and the impact on the environment it will help to check the proliferation of substandard products.
The market is full of substandard product, which mostly we assume are coming from the far Asian countries, they are cheap but don’t last long and the adverse impact they create on the environment is great.
Security Surveillance equipment
You know, the security aspect of technology is an important issue, first of all, we don’t talk about security garget but what kind of design do you have for your company or organization’s protection from the beginning. The threat to life and property is always there, and the criminals are always modifying ways to beat both the people, police and the garget, one have to be up and doing and the key part of it is how do criminals beat seemingly installations or systems, then you can now talk about who is gathering the data or compelling them.
In UK for instance, once there is a security incident, the first thing they do is to carry out the data investigation collated by the surveillance team and find out why there was such incidence in the first place, and then go back to the garget to know weather the installations did not provide the necessary means to dictate the incident, from there they intensifies efforts of tightening the installations to make it easier for proper policing. For instance, I have a house with close circuit television (CCTV) installations that guide it for me to view movement of persons in and around it, l should also have a recorder, I should also ensure that there is constant power and of course the recorder shouldn’t be expose to public and then somebody comes in and breaks in, if he succeed in breaking in, the question is does the recorder able to capture the image of the person, if this is done they will be able to start investigations from there.
In essence, one need to have a good design system and reliable equipment that will be able to give accurate data and the image of the criminals, apart from that, they leave foot and finger print that can be traced even if it is ten years.
Another thing is that our police don’t have some of the equipment to read and study those data if at all you present such investigation materials to them, they are not in the picture of it, that is why at times government use to bring in expert from abroad to read foot prints and finger print and image of people that committed crime here in Nigeria.
Information and Communications Technology surveillance is one good thing that every body should embrace. Now we are talking about security doors, security poles and so on, take the case of the terrorist act that took place in London, how were they caught? Of course they would have succeeded in exploding the bomb, but for the security cameras and recording systems, which was not accessible to them. If they knew such things were on ground they would have accessed it and erase the pictures completely, but such cameras were very far away from were they operated, beside some cables were on street lights and even walls that nobody knew something like that was there, so the police were able to trace them through this electronic security surveillance and they were caught.
Surveillance in Nigeria
We are also consultant; I think we are capable of installing such security equipment in major cities in the country if we are approached to do so. However, we still have to fall back to infrastructure, we don’t have the cable that can handle that now, for instance if we have cameras in our street we need constant power to operate them. Nonetheless, this can be provided through solar panel or generators to empower this camera and then lay fibre optics to the control room. There is also need for proper policing, so that you don’t wait until a crime is committed before talking action, you see, we still have a very long way to go, we need to have effective designed, and the technical manpower to handle the technology.
These technicians are trained to handle data inspection and collection for the day and how they are transmitted into folders and so on. Like I said, this is a holistic approach and the earlier we tackle them the better for us, because we are witnessing and hearing about pipe line vandal and kidnapping, and there is no way to trace them, is very dangerous to our country. These are what ICT helps to address in developed countries, but here we are very far behind because it is the only method that can be used to fight crime.
Computer Penetration in the Country
Computer business now is a very appreciable and fast growing business unlike the previous years, when people where scare about it, but now almost every body want to be computer literate, and more and more people are realizing that computer is very essentials to man kind. It makes things easier in every business transactions, in fact almost everything we do in life needs computer, like I said Nigeria is very fast in adopting the use of this system in all facets of our life, it is advancing and increasing every now and then. If we look at the case of laptop, I must say that there is a very large market here for laptop.
The use of computer fastened work capacity and make it easier and faster, a job that 20 persons can do in a day can take seconds for a computer to do it, and more perfectly than human labour. So there is a deep awareness and penetration of the use of computers in the country.
Consistent Innovations in the System
The rapid changes only point to the productivity and the prolific nature of the research and development (R&D) of the manufacturers. Come to think about it, why are we not active in the productive aspect of the equipment? This is because; we don’t have any research and development going on anywhere in computer system. Beside, you can not continue with the same system on and on because the next manufacturer will bring some thing new and attractive that would draw consumers, just like in GSM handset product, cars, electronic and even houses or fashion. There must be new innovation meant to attract people to buy. So the changes show how much is done in the R and D department of the computer manufacturers or any other sector. In Europe greater percentage of their budget goes into these areas for modifications, they also partner with schools in this regard; you can not find any university that does not have a link with manufacturers of all the ICT products. The manufacturing companies provide the funding for research going in such schools, in addition to what goes on in their own laboratories, and the outcome is that, one is finding new and better product coming out every time to satisfy end users.
We still have a long way to go because the research and development aspect is not there and is been neglected, our universities lack this research and to a large extend can not bring out something substantive for production. Even when they do the money is not there to support them. Manufactures are suppose to partner with schools, been the engine of development of a country not only in computers but in all industries, so right now we are still at a zero stage in research and development.
Challenges in the Market
The challenges are many, especially here in Nigeria, else where when you set up an initiative, if it is good to the public, the banks comes in, or government itself supports you or partner with you, because you really can’t do any meaningful thing that would serve the public generally on your own without productive partnership. But here, it is different. Banks collect your money and just keep it without any investment and if they give you loan, they hasten to deduct their charges which do not help matters, and then interest rate is very high even if the loans are made available. The only people who can take such loan are people who are into buying and selling for quick turnover. The government also act as catalysts to development through implementing polices that encourage both small and medium player in the market, first of all they should provide you with tax holidays, and also the needed infrastructure so in return you are hiring labour to do the job, for that you are reducing unemployment. In taxation, the tax rates are uniformed both small and big enterprises pay the same amount as tax which is quite unfair. So the challenges are many, we can also talk about the debt issue, how frequent do you get you money as soon as the service are provided.
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Here are Six Ways You Should Use MoMo PSB for Seamless Transactions
In today’s fast-paced digital world, Mobile Money (MoMo) services have become essential for managing financial transactions conveniently and securely. MTN’s MoMo service offers a plethora of features that can enhance your financial management.
Here are six effective ways to utilise MoMo PSB (Payment Service Bank) to streamline your financial activities.
Cash Deposits and withdrawals
One of the key functions of MoMo PSB is for cash deposits and withdrawals. Users can easily deposit cash into their MoMo Wallets through authorised ATM or POS agents that support the service.
This feature allows you to manage your cash flow efficiently without needing a traditional bank account. To withdraw cash, simply visit a nearby MoMo agent, provide your wallet number, and receive your funds immediately.
Business Transactions
MoMo PSB recently announced their partnership with Vendy LTD, a marketplace on WhatsApp for business owners to get closer to their customers on their favourite apps.
Interested buyers browse inventory, place orders, get invoiced automatically and pay directly on WhatsApp using the MoMo PSB in app payment. You can now say bye to taking screenshots of payment receipts and say hello to a swift payment method.
Bill Payment
With MoMo PSB, paying bills has never been easier. You can settle utility bills, school fees, and other recurring payments directly from your mobile device using USSD codes or the MoMo app. It eliminates the need for physical visits to payment centres and helps you avoid late payment penalties by ensuring timely transactions.
Airtime Purchases
Another convenient feature of MoMo PSB is the ability to purchase airtime directly from your wallet. Whether you need to recharge your phone or buy data bundles, you can do so quickly without needing cash or credit cards. Simply select the amount you wish to purchase and confirm the transaction using your MoMo PIN.
Peer-to-Peer Transfers
Transferring money between friends and family is seamless with MoMo PSB. You can send money instantly to anyone with a MoMo wallet by entering their phone number and the desired amount.
This feature is particularly useful for splitting bills or sending money to loved ones in need without incurring high transfer fees associated with traditional banking methods.
Linking your Wallet to Other Financial Services
To maximise the benefits of using MoMo PSB, consider linking your wallet to other financial services such as savings accounts or Investment platforms. This integration allows for easy fund transfer between accounts and provides better control over your finances by consolidating all transactions in one place.
By leveraging these five functionalities of MoMo PSB, users can enjoy greater convenience in managing their finances while benefiting from the security that comes with mobile money services.
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QNET and Transblue Limited Announce Second Product Expo in Lagos
Global lifestyle and wellness-focused direct-selling company QNET, in collaboration with its Nigerian partner Transblue Limited, is set to host its second product expo in Lagos.
The two-day event, scheduled for November 16-17, 2024, at the Anchor Events Place in Ikeja, will highlight QNET’s dedication to enhancing lives through innovative products while providing an interactive platform for partners, independent representatives, government officials, and regulatory authorities to explore QNET’s offerings and business model.
The expo will feature a variety of health and wellness products that demonstrate QNET’s commitment to quality and innovation, including the EDG3 Plus supplement for vitality, the Amezcua e-Guard X for energy balance, Chi-Pendant 4 that provides protection against radiation, Bio-Disc 3 that breaks down water chemicals for easy absorption and ProSpark Toothpaste, which combines effective oral hygiene with unique health benefits. With the global wellness market now valued at over $1.5 trillion.
QNET aims to be at the forefront of providing products that meet the growing consumer demand for holistic health solutions.
“Our first product expo in Abuja and Lagos last year was a huge success, and we are excited to bring it back to Nigeria,” said Biram Fall, Regional General Manager for QNET Sub-Saharan Africa.
“This event allows us to showcase our health, wellness, and lifestyle products, demonstrating our commitment to helping people lead healthier and more fulfilling lives.”
Akeem Ajisafe, CEO of Transblue Limited, echoed the event’s importance, stating, “Our goal is to empower individuals with knowledge and opportunities for financial independence.
“This expo is a chance to demonstrate how our products positively impact lives while highlighting the potential for entrepreneurship in the direct-selling industry.”
The QNET Product Expo in Lagos promises an engaging experience for all attendees, offering direct interaction with products and a deeper understanding of QNET’s values and ethical approach to wellness and lifestyle solutions.
For more information on QNET and its product range, please visit www.qnet.net.
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Nedjip Tozun, CEO d.light Named in 2024 TIME100 Climate List for Transformative Impact on Clean Energy Access
Nedjip Tozun, Co-founder and CEO at d.light, has been named one of the world’s most influential leaders driving business to real climate action in the 2024 TIME100 Climate list.
TIME’s annual climate list recognizes the world’s most innovative and impactful business leaders championing climate action and working toward a sustainable future. This honor celebrates Tozun’s visionary leadership and commitment to transforming energy access for underserved communities across Africa and Asia.
Since co-founding d.light in 2007 at Stanford University, Tozun has led the company’s mission to empower lives through sustainable, affordable, off-grid clean energy solutions. Under his leadership, d.light has reached over 180 million people, providing transformative products such as solar home systems, lanterns, and appliances, and connecting households and businesses to life-enhancing solar energy.
With a growing footprint across some of the world’s most energy-challenged regions, d.light’s innovative pay-as-you-go platform, Atlas, enables over 6 million transactions monthly, making clean energy accessible and affordable for millions.
“We are honored to see Nedjip’s dedication recognized by TIME as part of this esteemed Climate list,” said Wayne Keast, d.light board member and Managing Partner of Inspired Evolution. “His passion for bringing clean energy to the most remote communities is reshaping the future of energy, health, and opportunity in regions where the climate crisis hits hardest.”
As a pioneer in clean, off-grid energy solutions, Tozun has not only driven unprecedented growth for d.light but has also challenged and changed the industry landscape.
His work has made d.light a trusted partner in the global climate effort, positioning the company as a model for sustainable development and scalable solutions in emerging markets.
With a goal of impacting 1 billion people by 2030, d.light continues to scale operations and forge partnerships to meet growing demand while addressing critical climate issues head-on.
“I’m truly grateful to be recognized by TIME for our work in advancing clean energy access”, said Tozun. “This acknowledgment underscores the urgent need to prioritize equitable access to clean energy as we tackle climate change.
d.light’s work is rooted in the belief that everyone deserves access to energy, and I am proud of what we have achieved together with our team, partners, and the communities we serve.”
Tozun’s inclusion in the TIME100 Climate list highlights the impact of d.light’s work across Africa and elsewhere. It follows d.light’s recent recognition as a finalist in the 2024 Earthshot Prize, the international environmental award founded by the UK’s Prince William that recognises groundbreaking sustainable solutions for repairing and regenerating the planet.
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