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NITDA, Katsina State Govt Empower 50 MSMES On Digital Marketing

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National Information Technology Development Agency, (NITDA) in conjunction with the Katsina State Enterprise Development Agency, KASEDA have organised a capacity-building and empowerment programme for 50 indigenes of the state to support the transformative growth of their businesses by leveraging digital technology.

NITDA

The three-day capacity building aimed to implement digital technology adoption for Micro Small and Medium Enterprises, (MSMEs) in the state.

This will help ensure that MSMEs adopt modern and relevant digital technologies to increase efficiency and effectiveness in achieving their business goals.

At the opening ceremony of the event in Katsina, the Deputy Governor, His Excellency, Mallam Farouk Lawal Jobe who declared the event opened, described the commitment of the participants to harness technology to unlock the potential of their businesses as commendable and inspiring urging them to make “proper utilisation of the knowledge they would acquire from the training.”

He said, “In today’s rapidly evolving digital landscape, your decision to embrace innovation will undoubtedly propel your businesses to new heights of success. By leveraging digital tools and strategies, you are not only positioning yourselves for growth but also contributing to the overall advancement of the MSMEs sector.”

While assuring the participants of the state’s support and encouragement for embarking on the transformative journey, the state Deputy Governor enjoined them to unlock the full potential of MSMEs through digital innovations that would pave way for a brighter and prosperous future.

“I encourage you to approach this programme with enthusiasm, an open mind, and willingness to learn and adapt. Please, embrace the knowledge and insights shared, apply them diligently to your business endeavours. Remember, innovation knows no bounds, and with determination and perseverance, you can achieve remarkable results, he advised.

He commended NITDA for its foresight in selecting the state for the programme adding that it would offer the beneficiaries the opportunity to engage in profitable and modern ways of starting businesses that are digitally inclined.

The NITDA Director General, Kashifu Inuwa, who was represented by the Director, Digital Economy Development Department, Dr Salisu Kaka noted that Small and Medium Enterprises (SMEs) are essential to the growth of any economy because they have a significant potential to create jobs, advance local technology, diversify output, foster homegrown entrepreneurship, and integrate with large-scale industries.

He said, NITDA has taken definitive steps to fortify MSMEs through strategic interventions and dedicated programs adding that the Agency has championed digital literacy campaigns, delivered capacity-building workshops, and facilitated access to tailored technology-driven solutions.

The NITDA Boss said, “These initiatives are testaments to NITDA’s steadfast dedication to empowering MSMEs to navigate the digital terrain more effectively.”

He disclosed that NITDA has been collaborating with the Office of the Vice President to participate in the National Micro, Small and Medium Enterprises (MSME) Clinics which underscores the Agency’s commitment to supporting MSMEs, equipping them with IT knowledge and guidance.

“As we navigate the complexities of this digital age, let us collectively commit to empowering our MSMEs, the backbone of our economy, with the digital literacy, skills, and tools they need to thrive. By embracing the digital frontier, we will enhance the ease of doing business and foster a more inclusive and resilient economy that benefits all Nigerians,” Inuwa maintained.

While commending both the Federal and Katsina state governments for the funding they have both injected in MSMEs, the Director General noted further that the programme is a “response from NITDA to a call to action as initiated by the Excellencies the President and the Governor of Katsina State.”

In her welcome remarks, the KASEDA Director General, Hajiya Aisha Aminu Malumfashi said the training is dedicated to exploring and transforming the powers of digital innovation in empowering SMEs which are the bedrock of every developing economy.

Describing MSMSs as the backbone of the economies by driving innovation, fostering entrepreneurship, and creating jobs Hajiya Malumfashi maintained that the MSMEs contribute a sizeable portion of the global economy as well assisting in terms of poverty, alleviation, and economic growth and diversification.

On the scope and the modules of the capacity building, the KASEDA boss informed that “throughout the course of this programme, we expect to delve into the various facets of digital innovation and explore practical strategies that will assist the MSMEs to embrace and leverage all these technologies effectively.”

The programme tagged NITDA Digital Empowerment for MSMEs (NDE4M) has as its theme “Leveraging Digital Technology to Improve MSME’s Business” aligns with the Redefined Presidential Priority of reforming the Economy to Deliver Sustained Inclusive Growth and NITDA’s Strategic Roadmap and Action Plan 2.0 pillar on Nurture an Innovative and Entrepreneurial Ecosystem


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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ATCON Offers Solutions to Fibre Cable Cuts in Telecom Industry

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Association of Telecommunication Companies Of Nigeria (ATCON) has highlighted fibre cuts as a major stumbling block to the Nigerian telecom sector’s growth and affirmed its readiness to take strategic measures to tackle submarine fibre disruption in the country.

ATCON Offers Solutions to Fibre Cable Cuts in Telecom Industry

Tony Emoekpere, president of ATCON, at the first edition of ATCON’s Critical Conversation Breakfast Meeting held in Lagos with the theme: ‘the Direct And Indirect Cause And Impact Of Metro, Terrestrial And Submarine Fibre Disruptions (Cuts)–Short, Medium And Long Term Sustainable Solutions’, stated that, operators cannot continue to pay lip service to issues and challenges that have constituted stumbling block to the telecom sector growth.

The president recall that few months ago, there was a reported case of submarine cuts which significantly impacted Nigeria and some African countries, adding that, “The incidences of Metro, Terrestrial and Submarine Fibre Disruptions have become a recurring decimal which must be addressed by relevant agencies at all levels of government. Our members have had to pay a substantial amount of money to have all these disruptions fixed and this is impacting on their operational expenses which should not be if the perpetrators are brought to book.”

On advocacy, the president said ATCON is seeking ways going forward, adding that ducts should be built when new roads are being constructed. “There is a need to enforce and implement the provision in the Nigeria National Broadband Band Plan 2020-2025 which states that NCC should have a desk officer in each state of the Federation who is expected to be in charge of the fiber network in order to minimize Fiber cuts during roads construction,” he recommended.

The president averred that the telecom sector has been reported to contribute over 14 per cent to the nation’s GDP, adding that, the sector could have done much better if issues like fiber disruption which has constituted a threat to the manifestation of its inherent potentials, is dealt with.

Emoekpere however stressed the need for more collaboration between telecoms operators and government, with developers and road contractors to mitigate the challenges of fiber cuts.

“There must be compensation for fibre cable cuts. Training and awareness creation on the importance of fibre cable and the danger and negative impact of fibre cable cut, cannot be overemphasised. The federal government should declare telecoms assets as Critical National Infrastructure (CNI).

“Government should come up with policies like ‘Dig Once Policy’ for the implementation of fibre laying to avoid operators damaging cables of other operators during cable laying. There must be a clear database of government agencies giving approvals for road construction to enable telecom companies to have an idea of who they are dealing with as well as the need to have a status update on task responsibilities of ATCON for a follow-up of ATCON activities,” he advocated.

In the same vein, Lekan Balogun, CEO of NetAccess, said, the major causes of fibre cable cut includes Govt/Private Contractors, Man made, planning and Design and Natural causes, while stressing that, there is need for constant engagement between ATCON members, the government and developers.

Balogun proposed short, medium and long term recommendations to forestall fibre cuts, adding that the use of protective materials like metals rather than plastics will help protect the cables from unwanted cuts.

Credit: Leadership


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Starlink now 3rd Largest ISP in Nigeria – NCC

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Starlink, Elon Musk’s Internet company, has emerged as Nigeria’s third-largest Internet Service Provider (ISP) with 23,897 subscribers in the fourth quarter of 2023, according to latest ISP data released by the Nigerian Communications Commission (NCC) on Monday.

Starlink now 3rd Largest ISP in Nigeria – NCC

According to the NCC data, Starlink’s active customers in Nigeria surged 113 per cent in Q4 2023, from 11,207 customers in the previous quarter, establishing it as one of the leading ISPs in the country.

Spectranet, one of the oldest ISPs in the country, maintained its top position in the market with 113,869 active customers.

FiberOne followed in second place with 27,000 active users at the end of 2023.

ISPs are different from mobile Internet providers, like the telcos such as MTN, Airtel, etc.

They provide Internet through various wired technologies, such as DSL, cable, fibre-optic, or satellite connections. They use fixed infrastructure that requires a physical connection to the home or business.

Starlink launched its services in Nigeria in January 2023, becoming the first African country to receive the service, more than 20 months after SpaceX met with the NCC to outline their deployment plans.

Meanwhile, Spectranet, one of the oldest ISPs in the country, maintained its top position in the market with 113,869 active customers.

FiberOne followed in second place with 27,000 active users at the end of 2023.

ISPs are different from mobile Internet providers, like the telcos such as MTN, Airtel, etc.

They provide Internet through various wired technologies, such as DSL, cable, fibre-optic, or satellite connections.

They use fixed infrastructure that requires a physical connection to the home or business.

Starlink launched its services in Nigeria in January 2023, becoming the first African country to receive the service, more than 20 months after SpaceX met with the NCC to outline their deployment plans.

As of September 2023, just 8 months after its launch, Starlink had amassed 11,207 active subscribers in Nigeria, making it the fourth largest ISP in the country.


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Airtel Africa Completes $550m Bond Repayment

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Airtel Africa, telecommunications and mobile money services provider, has revealed that its subsidiary, Bharti Airtel International (Netherlands) B.V., has repaid in full its $550m bond maturing Monday.

Airtel Africa Completes $550m Bond Repayment

 

This was disclosed in a corporate filing with the Nigerian Exchange Limited (NDX) signed by G Simon O’Hara, group company secretary, on Monday.

With this repayment, the company said that it had achieved a zero-debt position at the HoldCo.

The $550m bond was 5.35 per cent Guaranteed Senior Notes.

“This bond repayment of $550m has been made exclusively out of cash reserves at the holding company and is a continuation of its strategy to reduce external foreign currency debt. At the time of the IPO in June 2019, the group had $2,719m of external debt at HoldCo which resulted in significant exposure to currency fluctuations and the reliance on upstreaming funds to cover both interest costs and the principal repayment.
“Through consistent execution of its strategy supporting strong free cash flow generation, and continued upstreaming success, the group has been reducing Holdco debt over the past few years and has now reached the significant milestone of a zero-debt position at HoldCo. The current leverage and capital structure is a reflection of the Group’s successful capital allocation strategy that has been in place since our IPO, and it will aim to continue reducing foreign currency debt obligations across its OpCo’s,” part of the statement from the telecoms provider said.


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