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Solar Power Supply Can Work in Nigeria – Odunowo

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AbdulRahman Abiola-Odunowo, is the managing director/CEO of Private Networks Nigeria Limited (PNN).   The graduate of chemistry from the University of Dundee, Scotland, got involved in telecoms in 1992 while working for New Generation Advertising and has been with PNN since 1995. He has attended various programmes within and outside Nigeria. He spoke to funmi ilesanmi.

PNN’s Role in Telecommunications and Energy Sectors in Nigeria
We are the one-stop-shop for the deployment and management of technology solutions for both the telecommunications and energy sectors of the economy. Our focus is on delivering quality products and services to our customers. We play an active role in these two sectors because we provide services from the planning stage through deployment, operations and management stages. We have also invested a lot into research and development because we are consistently striving to do things in a more efficient and cost effective manner. Our customers are very demanding and we must stay on top our game to satisfy them.
Need for Telcos to Outsource Some of their Operations
They already do that. Telecom operators cannot help but outsource those services. The task of providing network to subscribers is quite overwhelming and operators will continue to use best practice to get the best service quality. Outsourcing is one of them. As early as 2003, PNN had pioneered the outsourcing of the entire network deployment by executing a build, operate and transfer (BOT) frame agreement with Zain Nigeria (formerly Econet) for expansion into Ado Ekiti, Ekiti State, and Ilorin, Kwara State. Under this model, PNN was responsible for the planning, deployment, operations as well as sales and distribution of operator products.
PNN and Delivering Quality Network Design, Optimization and Implementation
Our track record speaks adequately for us. Over the years we have specialized in providing first class service in design, roll out, management and performance improvement of the wireless network. We ensure that the operator offers best in class service to their customers while also maximising return on their network infrastructure investment. Our teams of experienced engineers have successfully delivered its full range of services to a wide variety of cellular operators around the world. We effectively provide cell planning, coverage expansion, core network design, network thinning, and network optimization services. We also offer radio network audit, network improvement and benchmarking as well as core network audit, core network improvement, network management, competence transfer and consultancy.
How Alternative Power Generation Help businesses
PNN offers a series of hybrid solutions integrating renewable sources of energy such as water, wind and solar to provide innovative power solutions that ideally suit all of the pre-requisites and operational boundaries our customers hope to achieve. We are in the forefront of delivering cost efficient products and services to help reduce the overall energy costs as well as reduce our nation’s dependence on fossil fuels. These solutions would also reduce our carbon foot print in the earth’s environment, and act as protection against rising energy costs.
Apart from the overall benefits the use of alternative energy would offer, telecommunications service providers in Nigeria, using our DC power solution can save up to 65 percent in current operational expenses; their businesses would be more cost effective because of comparative capital expenditure. They would also have very low system maintenance as well as reduced fuel consumption. All of these benefits would invariably translate to a reduction in the tariffs Nigerians currently pay for communication. We are fully equipped in the design and installation of alternative energy using our natural resources efficiently and effectively.
Can Solar Really Work in Nigeria
Absolutely. The use of solar as a means of generating energy for power supply can work in Nigeria if we can get the design right from the onset. And let me quickly add that Nigeria is quite ready for this. We know this because in PNN we have been involved in the research and development of solar power as a cheaper, more cost effective, reliable and durable alternative for the generation and provision of power that can be used for applications such as street lights. Because we understand what the generation of power using solar energy entails, we can provide a 5 year warrantee for all solar street lighting deployed by us.
Solar street Lights as Part of Corporate Social Responsibility
As a corporate organization, it has always been important to us to make contributions that would have a positive and direct impact on people’s lives. In Nigeria today, the power situation is still very epileptic in spite of the various attempts by several administration at providing constant power supply. Often times, activities literarily grind to a halt from 7.00pm because the people are afraid to move around at night, especially when the streets are not lit. This drastically affects the social and economic lives of the citizenry. That was the basis for the deployment of solar lights on Oremeji Street in Ilupeju area of Lagos. We wanted to make the people in that neighborhood feel safe enough to go about their businesses at anytime of the day.  The project which cost us over N7million to deploy was also a way for us to support the Lagos State Government in its megacity project.
Partnership with Speakeezee
As you may know, Speakeezee mobile stores have been around since 1992 and have remained consistent in offering intelligent cutting edge services. However over the years it has become obvious that mobile technology is evolving at a pace that needs a dynamic and forward looking outfit to adapt to the ever increasing change in the telecoms industry. The decision to develop Speakeezee retail brand with PNN is based on the fact that the management of PNN has shown an understanding of what the Speakeezee brand stands for and what the expectation of Speakeezee clients are. We believe that the synergy with PNN will further enable Speakeezee deliver excellent value and first class services to the door step of Nigerians, and indeed Africans who have consistently yearned for quality and independent service offerings
Coping with Insufficient Skilled Manpower
I have always maintained that the greatest challenge to delivering quality service is the dearth of highly skilled capacity in the country. It is sad but, true. That is why we partner with institutions to initiate engineering training programmes that will help Nigeria bridge the digital divide. For example, we are currently working on one of such partnerships with Yaba College of Technology. We would give you the details soon.
PNN Group to in the Next Two Years
We have great plans for the future, with staff strength of over 350, and offices in four African countries; Nigeria, Ghana, Uganda and Rwanda. We have plans to be in a total of 10 countries in Africa by 2010. Over the next 2 years, we intend to grow the business by achieving a minimum of 35 percent growth yearly. PNN intends to list on the Nigerian capital market also by 2010. We have recently concluded plans to start the production of LED lights in Nigeria and we hope to have our products in the market within the next 2 years. A lot is happening and we are excited about the future.
Economic Recession and the Future
Nigeria still has a great future. Economic recession is only for a season. It behoves on us as a country to maximize our resources. We have always advocated that Nigerians should look inwards, well the time is now.

 


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Banks Close 2m Accounts over BVN, NIN, Others

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Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

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Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


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234Finance Moves to Boost Economic Progress in South East

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In a recent gathering, organized by 234Finance, key stakeholders and HNIs came together to discuss the theme “Fueling Progress in the South East.”

The conversation highlighted the rich heritage, entrepreneurial spirit, opportunities for growth and the potential of the South East to be economic powerhouse.

During the discussion, the Managing Partner of 234Finance, Ezinne Nwazulu unveiled plans for an upcoming event of significant impact: the 4-week intensive SME Bootcamp and Mentor Matchup Challenge South East edition designed to empower SMEs. The program aims to empower SMEs with the knowledge, tools, and capital for rapid expansion and global competitiveness.

This initiative is building on the success of previous Mentor Matchup Challenge events, which equipped SMEs with actionable strategies and one-on-one mentorship, resulting in winners of the pitching competition securing grant funding to scale their businesses by 4x-10x.

The SME Bootcamp will feature an array of activities, including physical and virtual training sessions, onsite industrial training, and a pitching competition.

Ezinne Nwazulu emphasized the rigorous selection process, where the top 100 applicants meeting the criteria will undergo intensive training at two training centres in Abia and Anambra. From there, the most promising 15 participants will have the opportunity to pitch their business for grant funding.

Dr Chima Anyaso, Chairman of Caades Group, expressed his commitment to the region’s development and encouraged entrepreneurs with innovative crafts to seize this opportunity.

Criteria for selection are uncompromising, emphasizing technical expertise in core sectors; Agribusiness, Manufacturing, Supply Chain & Logistics, Fashion & Textile, and Retail, with a particular focus on businesses operating within the South-East region for at least three years and significant growth potential of 4x-10x.

The Bootcamp is set to commence from May 14 to June 14 2024 with Southeast-based entrepreneurs encouraged to visit the 234finance bootcamp to apply.


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