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Telecom Body Introduces New Global Guidelines to Protect Kids Online
The International Telecommunication Union (ITU) has launched its 2020 guidelines on Child Online Protection (COP), aimed at ensuring a safe and empowering online environment for children and young people.
The ITU says while the Internet and related digital technologies opened new ways for children to communicate, learn and play, they also exposed them to a range of content, contact and harmful conduct online.
The guidelines come as the world grapples with COVID-19, which has seen technology being placed at the centre of managing the spread of the virus, further exposing children and young people online.
According to the ITU, the new guidelines were designed from the ground up to reflect the significant shifts in the digital landscape in which children find themselves, such as the Internet of things, connected toys, online gaming, robotics, machine learning and artificial intelligence.
The guidelines consist of four parts tailored to key audiences: children, parents and educators, industry and policymakers.
The guidelines for children are available in a child-friendly format and consist of a story book for children under nine, a workbook for children aged nine to 11, and a social media campaign and microsite for children and young people aged 12 to 18.
“These resources help children learn how to manage risks online, while at the same time empowering them to exercise their rights online and engage in opportunities the Internet presents to them,” says the ITU.
The guidelines for parents and educators serve as a practical tool to help them effectively support children and young people’s interaction online, to sensitise families to the potential risks and threats, and help cultivate a healthy and empowering online environment at home and in the classroom.
The guidelines for industry aim at supporting industry players in the development of their internal COP policies, such as integrating child rights considerations into all appropriate corporate policies and management processes.
The ITU adds the guidelines help in “developing standard processes to handle child sexual abuse material; creating a safer and age-appropriate online environment; educating children, carers and educators about children’s safety and the responsible use of information and communication technologies; and promoting digital technology as a mode for increasing civic engagement”.
Policymakers are also included in the guidelines, as the ITU says they serve as a solid foundation on which to develop inclusive, multi-stakeholder national strategies, through open consultations and dialogues with children, to develop better-targeted measures and more efficient actions.
“ITU and its partners sought to create a highly usable, flexible and adaptable framework firmly based on international standards and shared goals, particularly the convention on the Rights of the Child and the United Nations Sustainable Development Goals.”
Commenting on the COP, ITU secretary-general Houlin Zhao says: “The question of how to ensure children’s online safety in the age of COVID-19 is now more pressing than ever before. ITU’s new guidelines on Child Online Protection are a very timely tool to safeguard the well-being, integrity and safety of our children, our most precious gift.”
Doreen Bogdan-Martin, director of the ITU telecommunication development bureau, says: “The new COP guidelines are designed to serve as a blueprint that can be adapted and used by different countries and stakeholders in a way that is consistent with national and local customs and laws.
“They can be considered as an initial step in engaging all relevant stakeholders – governments, the private sector, parents and teachers’ associations, and children themselves – in discussions around targeted measures and actions to create a safer online environment.”
Nigerian Education Loan Fund (NELFUND) has said that Nigerian students will need to present their Unified Tertiary Matriculation Examination registration number (UTME); National Identification Number (NIN); and Bank Verification Number (BVN) to access student loans.
Mr Akintunde Sawyerr, managing director of NELFUND, assured that the body would ensure that those he called ‘ghost students’ would not have access to the soon-to-be-launched scheme.
The MD noted that NELFUND has put processes in place to ensure that all applicants and beneficiaries are traceable to prevent the loan from turning into a sort of national cake.
“We are using technology to run the system. The process of application is online and we are limiting human contact as much as possible. Once you have a Bank Verification Number, BVN and National Identification Number, NIN, which are parts of the requirements, we will have access to your data and all your accounts. This will also help us to know if you are qualified or not,” he explained.
He explained further that those who are already in school can apply for the loan at any level of their study, but must be at the beginning of each session. They would also have to provide their admission and matriculation details in addition to BVN and NIN.
According to the NELFUND boss, about 1.2 million Nigerian students in tertiary institutions and government-recognized skill acquisition centres would be among the first batch of beneficiaries. The number may increase as time goes on.
The programme, he noted, will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS), which will amount to N194 billion if the agency meets its projection.
He explained that the loan would be paid in two segments. The first, he said, is the chargeable school fees which would be paid directly to the institutions while stipend would be paid into individual student’s account for day-to-day upkeep.
Mr. Sawyerr stated that the amount individual applicants will access will vary because of the course of study, school fees payable and geographical location of the institutions among others.
On the method of payback, he said, “You don’t start paying back the loan until two years after your National Youth Service Corps, NYSC Scheme and that is, if you have secured a job or business. A beneficiary can defer repayment if he has not secured a job, but if after due diligence, he defaulted, then he becomes a criminal and we will work with every agency that can help us get the money back, for example, EFCC, ICPC etc.”
Sun International Limited, run by Anthony Leeming, South African entrepreneur, has agreed to sell its Nigerian interests to Rutam Finance Company Limited (RFC) for roughly $14.4 million.
The move is part of Sun International’s strategy to consolidate operations and focus on key markets. Sun International joined the Nigerian market in 2009, but has struggled in recent years due to a challenging operating climate.
This divestiture is consistent with the company’s strategic objectives and represents a shift in portfolio management.
Sun International, will sell a 43.3 percent ownership investment in Tourist Company of Nigeria PLC (TCN), which manages Lagos’ Federal Palace Hotel, to RFC for $1.875 million.
In addition, the group would pay off its whole $12.675 million credit to RFC, effectively exiting the Nigerian market. The corporation also intends to sell its remaining 6% ownership in TCN in due course.
The transaction, subject to customary closing conditions including as regulatory approvals, is estimated to create a cash inflow of about $14.41 million for Sun International.
These funds will be utilized to reduce debt.
Following the completion of the acquisition, TCN will no longer be included in Sun International’s financial statements.
This will reduce group debt by about $41.82 million, excluding IFRS 16 lease liabilities.
The closing is scheduled for no later than May 28, 2024, provided that all usual closing conditions are met. The Nigerian Competition Authority, the Securities and Exchange Commission, and the Nigerian Stock Exchange have all provided key clearances.
Sun International, founded in 1968 by the late Sol Kerzner, has grown into a renowned gaming and resort company under Leeming’s leadership.
In fiscal 2023, the company’s revenue increased by 7% to $646.14 million, while headline earnings increased by 86 percent to $55.35 million.
This demonstrates Sun International’s resiliency and strategic direction. Sun International’s pullout from Nigeria demonstrates the company’s dedication to streamlining its portfolio and pursuing growth possibilities in key areas.
With a rich history and a focus on the future, this transaction demonstrates the company’s commitment to create wealth for shareholders and stakeholders while also strengthening its position in the gaming and hospitality industries.
Sam Darwish, a US-Nigerian telecom entrepreneur, has experienced a huge financial setback in his holding in IHS Holdings following a recent drop in the shares of the top telecom infrastructure company on the New York Stock Exchange (NYSE).
Sam Darwish
According to data, Sam Darwish’s investment in IHS Holdings has lost $6 million in market value during the last 13 days. This drop reflects increasing selling pressure among NYSE investors.
From March 12 to 30, Darwish’s investment in IHS Holdings increased from $35.17 million to $49.27 million, resulting in a $14 million gain.
Darwish founded IHS Holdings in 2001, and it has since grown to become the largest telecom infrastructure business in Africa, Europe, Latin America, and the Middle East.
It is renowned for its huge tower count and is the world’s third-largest independent international tower firm.
In the last 13 days, IHS Holdings shares on the NYSE have dropped by 11.72 percent, from $3.67 on April 3 to $3.24 at the time of writing.
As a result, the company’s market capitalization has dropped below $1.1 billion, causing significant losses for stockholders.
As chairman and CEO of IHS Holdings, Sam Darwish holds a critical position in African telecom.
With a strong 4.17 percent ownership holding, equivalent to 13,958,158 ordinary shares, he is a key participant in the global telecom infrastructure business.
The recent double-digit loss in IHS Holdings shares has resulted in a $6 million decrease in the market value of Darwish’s shareholding in the top telecom infrastructure company. His shareholding has decreased from $51.23 million on April 3 to $45.22 million.
Despite this defeat, Darwish remains an important figure in the worldwide telecom business.
IHS Holdings’ extensive tower network and smart acquisitions have secured its position as a major participant in the global telecom infrastructure sector.
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