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Transition to Digital Broadcasting Requires Careful Planning – Bolarinwa

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Yomi Bolarinwa, director general, National Broadcasting Commission (NBC) a parastatal of the Federal Government of Nigeria, empowered to regulate the broadcasting industry. Under him, the NBC is now evolving defined standards, in all aspects of Broadcasting, by effectively licensing, monitoring and regulating an environment that encourages investment and development of quality programming and technology for a viable industry, which competes favourably in the global information society. Bolarinwa spoke to hilary okeke on a wide of issues

Meeting the Digitisation Switchover Deadline
Yes. There are lots of activities going on already and the target date of June17, 2012 will be met. In October 2009, the African Union ministers of communications met in South Africa and one of their recommendations to African Heads of States was that the switchover date for African countries should be in 2012. The internationally signed agreement is 2015 for UHF and 2020 for VHF. We have signed an international agreement that come June 12, 2015 our transmission will not cause interference to our neighbours’ transmissions. The planning in Nigeria is carefully done so that our switchover date in Nigeria would be met. We are going to start from our border areas, take care of our international agreements and move inwards, until we finally switchover. But we will take it in phases, and it is important for us that come 2012, those border areas are switched off and we won’t be causing interference to anybody; and then we can use the experience to carefully move inwards.

Delayed Whitepaper on Recommendations by Presidential Advisory Committee
We have not stopped working to meet the deadline. We understand that there are certain things that should go on because it is very clear that we must transit from analogue to digital broadcasting. The standard adopted for Nigeria is the DVB-T, which is the standard used all over Europe and would also be used all over Africa, and the planning for transition is based on that.
There is no political intrigue around the yet to be issued whitepaper, government is just trying to ensure that everybody is being carried along. When you give tax or import duty waiver on broadcast equipment, for example, it affects the federation account. We are in a democratic dispensation, and this is not a matter to be decided by the executive alone. Members of the National Assembly are also involved and they need to deliberate and agree that this is what is best for the country. What is being done is to ensure that we have a firm policy on ground, unlike in South Africa and Ghana where problems are beginning to come up due to improper planning. There is no way the federal government would prefer a prolonged transition period  (during which there will be simultaneous transmission of analogue and digital signals) because of its cost implications. We do not manufacture any of these equipment, and the longer the transition period, the more difficult it becomes for us to keep our analogue equipment going; and the more old disused equipment are dumped in Nigeria. A short transition period ensures that we can do this without so much cost. If we have a longer transition period, it is going to cost money, and would increase the cost of our eventual switchover. We need to get it right, otherwise we will run into trouble and confusion.
Situation with Broadcast Stations
Most broadcast stations in Nigeria have already gone digital. Broadcasting is a chain, which starts from the acquisition stage (with the microphone and camera), through the production and then the transmission stages. Today, the acquisition and the production parts of the chain are digital. What is left now is the last mile, that is the transmission of digital signals from stations to homes. Viewers at home should have the wherewithal to receive digital signals. So we are looking at the acquisition of a digital receiver or an analogue receiver with an additional equipment called the set-top box, which interfaces with the analogue TV set and converts digital signals to analogue.

Acquisition of New Transmitters
As far back as 2004, the broadcasting industry on its own had agreed that the industry should look at the issue of a central facility provider. When the issue of digitisation came up and the realities dawned on the industry, it was also agreed that a new set of licensees who should provide transmission services, be introduced. A facility provider will be a standalone Nigerian registered company, which understands the business of transmission and has the wherewithal to warehouse transmitters – including microwave, satellite, fibre optics links – since he needs to get signals from the broadcaster, and then transmit to viewers. We know that political decisions are taken in states to buy new transmitters for TV stations, but we are making efforts to get the chairman of the Governors’ Forum so that we can talk to them. The Board members of the National Broadcasting Commission are trying to go round states to advise these political officeholders about the futility of acquiring new transmission equipment, especially for TV stations.
In the digital domain, broadcasters would have the license to provide their content and somebody else would have the license to provide transmission services. If you have your license today as a broadcaster, it does not matter where you do your production. All you need is the ability to send your content to the transmission provider and you are on-air. So business becomes even easier and cheaper for them.

Making Set-Top Boxes Available
With an analogue TV set you need to buy a set-top box in order to receive digital signals from a station like NTA. Considering the economic situation in the country and the fact that many people could barely afford digital ready TV sets, a reasonable option would be using set-top boxes that currently cost an average of $50, which many cannot afford too. As transition moves to the switchover date all over the world though, it follows that large numbers of set-top boxes are required and thus, the cost would reduce. What the Nigerian government might do is to encourage some manufacturers of set-top boxes to open shop here, close the border to the importation of such devices, give them tax holiday or import waiver on every component and provide infrastructure for them. These would bring down the average cost of a set-top box to between $15 and $20. The South African government has provided an enabling environment for manufacturers to make set-top boxes and ensured that they are of the same standard with the ones in other countries within the southern African belt. They provided a big market for the manufacturers, and the price came down to what their citizens can afford. This is what we are considering. The border should also be strengthened so that nobody jeopardizes the whole effort, and the manufacturers encouraged so that we would get a reasonable price and have set-top boxes available to everybody.

 

 


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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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