Telecom
WWW Day Celebration: Stakeholders Urge Youths to Leverage Internet for Productivity
Youths in Nigeria have been urged by stakeholders in the country’s Information and Communications Technology sector to leverage the Internet and be productive in their various field of endeavor, rather than Internet scam, which many people refer to as ‘Yahoo Yahoo’.
The stakeholders, while speaking at the World Wide Web Day conference, organized by the Center for Cyber Awareness and Development (CECAD) in Lagos, argued that the Internet presents a better opportunity for the youths to make a lot of money, without resulting in defrauding people.
For them, the Internet has completely transformed lives on an individual basis in many ways, ranging from the way we communicate through the way we socialize to the way we shop, travel and even do business. Thus, there is no need to be involved in fraudulent activities on the basis of the Internet.
Citing cases of young Nigerians making good money as a result of the opportunities the Internet presents, Mr. Frank Donga, an actor and tech enthusiast, disclosed that he is aware of many young Nigerians who are making a lot of money in foreign currencies.
He explained that most of these Nigerians work for companies outside the country from the comfort of their homes.
“It is irritating when people talk of young Nigerians making money from scams. The real money is made from young Nigerians, who are creative in their mind, developing content and post on Youtube,” he said.
Mr. Frank disclosed of a certain young man in Ibadan, Oyo State capital, who is working for a company outside and receives a lot of money as salary every month, stressing that the world of the internet is vast, growing more and more by the day with people making good money.
According to him, success is all about knowing how to be productive as successful people are great at their jobs, but continuously learn and expand their interests.
This is what is lacking among the youths as they want to make it through the fast lane, which at the end of the day is not always the best.
The Internet is an enabler. With policymakers and regulators putting efforts to have grown broadband penetration from 6 percent in 2015 to 45.02 percent at December 2020, indicating that 85.9 million Nigerians are now connected to 3G and 4G networks, which provide enhanced high-speed Internet that has continued to boost efficiency and increase productivity across the economic spectrum. Young Nigerians have no more excuses than to leverage.
“The point is the Internet has given opportunities for emerging technologies, which can help businesses, individuals and even the government to thrive. But the fact remains that such individual or business must innovate,” said Tinuade Oguntuyi of ICSL at the conference with the theme ‘Creating Opportunities for a new African Digital Economy.
Tinuade wondered the attraction behind the Internet scam, when young people all over the world are capitalizing on the Internet to create solutions that are solving societal challenges in the field of health, education, entertainment and even financial services.
She noted that what just needs to be done by the government is to create an enabling environment that will encourage the creation of jobs and other opportunities for the youths.
The World Wide Web celebration was organized by the Centre for Cyber Awareness and Development (CECAD) as part of the global celebration to review the growth of the Internet, which has led to the development of digital technologies helping to transform the economy of the world in several ways, such as reducing information and transaction costs, creating new collaborative models to increase the efficiency of workers, promoting innovation and improving education and developing societies.
Speaking earlier in his welcome address, Dr. Bayero Agabi, National Coordinator of CECAD, explained that the World Wide Web Day is a global celebration dedicated to web browsing, online activity that brings a wealth of knowledge to people and societies.
He disclosed that the day was set aside as a chance to celebrate the way the internet has created an environment for collaboration and business growth while also taking a deeper look into its evolution over the past three decades since its invention by Sir Tim Berners-Lee.
At the Nigeria event celebration, stakeholders took a look at policies to grow the space and the Nigeria information society through creating a sustainable digital economy.
“Today’s event provides an opportunity to deliberate on the impact of the internet, review its usage in terms of security, entrepreneurship and innovation across all sectors including entertainment, governance, business transaction, tourism and many more,” Dr. Bayero said, adding that CECAD as a Non-Governmental Organisation believes the Nigeria version will chronicle the impact of the internet, best ways to use the internet for good and economic development, its impact on the media, business, governance, youth empowerment and entrepreneurship.
The World Wide Web celebration was well attended by stakeholders from the various sectors of the economy, which is being impacted by the Internet in one way of the other.
Personalities in attendance either physical or virtual include the Director-General of National Identity Management Commission (NIMC), Engr. Aliyu Aziz, Managing Director Galaxy Back Bone Limited (GBB), Prof. Muhammed Bello Abubakar, President Nigeria Computer Society (NCS), Prof. Adesina Sodiya, President of ATCON, Engr. Ikechukwu Nnamani, Former President NCS, Alhaji Ladi Oguneye, Chief Executives of IT companies and other relevant stakeholders.
Telecom
New Winners of Glo Jolly Win Promo Receive Millions in Prizes
The Glo Jolly Win promo by Globacom has again made new millionaires who were presented their prizes at an event recently held in Lagos.
The presentation was conducted in conjunction with NCC-licensed Nitroswitch, an aggregator company, and Tetragrammaton, as the value-added service provider for these services. The five winners received their cheques and were instantly credited with their winnings at the ceremony.
Last September, Mr.Olieh Somtochukwu, a member of staff of a real estate company in Anambra State, became the first winner of the sum of N1 million naira in the promo.
Mrs. Adebayo Idowu, a recently retired school teacher, found it hard to believe her good fortune in September when she should have received her money despite several voice and video calls to her. She was full of appreciation to Globacom when she eventually came for the presentation of her prize at the ceremony last week.
Glo Jolly Win also produced other millionaires including Ganiu Bayo, a Lagos-based printing and publishing specialist, Abdul Mumuni Oseni, a corporate driver, Abiodun Oluwasanmi Temitayo, a mechanical engineer and Ashimiu Aminat Idowu, a teacher.
Mr. Mojeed Aluko of the Value Added Services Department of Globacom, noted at the ceremony that “the Glo Jolly Win is a lottery service in which subscribers can answer trivia questions or spin a wheel to win loads of airtime, data and cash prizes for as low as N100/day, with no need for downloads or any storage usage on their phones.
Subscribers can select their preferred services from the options of Jolly Trivia, Wheel, Win & Life to join in the fun and excitement of the lottery with the potential to become millionaires”.
Subsribers who desire to be part of the promo are enjoined to dial *20152# or send JWD to 20152 on their Glo lines.
Telecom
MTN Nigeria to Issue N50Bn Commercial Paper
MTN Nigeria has proposed issuing up to N50bn series 11 and 12 commercial paper notes to raise funding for its operations, according to the company’s notice to the Nigerian Exchange Limited.
The notes issuance is under the company’s N250bn commercial paper issuance programme.
According to the statement signed by Uto Ukpanah, company secretary, the issuance is part of the company’s strategy to diversify its financing options with the funds being deployed towards short-term working capital requirements.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250b commercial paper issuance programme.
Ukpanah, the telecom giant it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy of continuing to diversify its funding sources and reduce its average cost of debt. The proceeds will be applied to short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria, said, “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
Telecom
How AI Agents can Step in as Consumer Trust Slips
Salesforce’s latest State of the AI Connected Customer research reveals consumer trust in companies is at a record low and that AI is raising the stakes for brands.
Today, 60% of consumers believe that advances in AI make trust even more important, and with AI agents on the rise, the findings point to real opportunities for companies to win back consumers with trustworthy AI agents this holiday season. This opportunity is greatest with Gen Zers, with almost a third of Gen Z consumers saying they’d be comfortable having an agent shop for them.
Faced with a challenging holiday shopping season and sinking consumer trust, brands can’t afford to get AI wrong—especially as more than $200 billion in global online sales will be influenced by AI this holiday season.
AI agents, or intelligent software that understands and responds to customer inquiries without human intervention, can help companies drive higher margins and keep consumers buying by delivering incredible customer service. From alleviating clunky purchase experiences to difficult return processes, there’s an agent for that. But to build trusted customer relationships, brands need trusted AI agents that are grounded in transparency and the right data.
Consumers trust less, expect more
Consumer trust is at its lowest point in eight years, and advances in AI make earning that trust more critical than ever.
Nearly three-quarters (72%) of consumers trust companies less than they did a year ago
65% feel companies are reckless with customer data
It’s not just about trust; consumers also expect best-in-class experiences.
69% of consumers expect consistent interactions across departments
Nearly 60% of consumers prefer using fewer touchpoints to get information or complete a task
While better deals are a top driver for consumers to switch to a new brand, customer service experience, convenience, and consistent product or service quality drive more long-term brand loyalty.
43% of consumers say poor customer service experience will stop them from making a repeat purchase from a company or brand
More than a third of consumers say that inconvenience, such as a difficult return process or clunky purchase experience, will cause brands to lose them
Younger consumers are most open to AI agents
The research shows Gen Zers and millennials are more willing than older generations to use AI agents to improve their customer experience by creating more personalised, or useful content.
Younger generations, in particular, hold companies to a higher standard when it comes to adapting to and anticipating their needs—43% of Gen Zers and millennials say AI raises the bar for customer experiences compared to just 32% of baby boomers.
Gen Z and millennial consumers are more likely than older generations to consider the benefits provided by agents.
Transparency is key to building consumer confidence in the AI agent era
Despite the promise of young shoppers, many consumers haven’t made up their minds on AI yet. Nearly half of consumers are neutral about AI’s impact on their lives, whether personal or professional.
In fact, many consumers feel a mix of suspicion (44%) and curiosity (41%) about the future of AI —revealing a ripe opportunity for companies to help consumers see and understand the benefits of AI agents.
Over a third of consumers would work with an AI agent instead of a person to avoid repeating themselves
30% of consumers—even more among Gen Z and millennials (37%)—would work with an AI agent instead of a person for faster service
A quarter of consumers — even more among Gen Z and millennials (roughly one-third)—would share their personal information with an AI agent so it can better anticipate their needs
To build confidence in the agent experience, businesses need to bridge the trust gap through more transparency.
Nearly 75% of consumers want to know if they’re communicating with an AI agent
45% are more likely to use an AI agent if there’s a clear escalation path
44% are more likely to use an AI agent if its logic is clearly explained
“Retailers face a much more competitive shopping season this year, as they look to deliver higher margins in the midst of increasing customer demands. AI agents can help brands deliver consistent, personalised experiences for shoppers across every channel – deepening customer loyalty and ultimately driving more sales,” says Linda Saunders, Salesforce Director Solutions Engineering Africa.
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