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Can Innovation Solve Nigeria’s Most Pressing Economic Challenges?

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A closer look at Lagos, Abuja and other business hubs in Nigeria, one finds it easy to see the progress made through innovations and the effects on these cities – busy streets, construction of skyscrapers, construction and commissioning of some of the shopping malls, and an emerging 24-hour business culture driven largely by a Business Process Outsourcing (BPO) boom.

It is expected that the country would remain on the speed-lane of economic growth, thus, the economy will continue to flourish even in the era when oil price at the international market has gone as low as $40/barrel; but, in general, the economy is facing enormous challenges at the moment.

Yes, in the midst of this larger growth picture, it is not easy to forget that there are numerous areas in the country where it becomes immediately apparent that it is still a developing nation.

In fact, Nigeria’s economic situation depicts a picture of an economy in disarray; getting worse by the day and represents a bleak future for the youths in particular.

For instance, one of the Nigeria’s most pressing challenges is unemployment! The country’s unemployment rate was recorded at 12.1 percent in March quarter of 2016, up from 10.4 percent in the fourth quarter of 2015, reaching the highest since December of 2009. The number of unemployed persons rose by 18 percent to 9.485 million, employment grew a meagre 0.12 percent to 69 million and labour force went up 2 percent to 78.4 million. Meanwhile, youth unemployment increased to 21.5 percent from 19 percent. Unemployment rate in Nigeria averaged 9.04 percent from 2006 until 2016, reaching an all-time high of 19.70 percent in the fourth quarter of 2009 and a record low of 5.10 percent in the fourth quarter of 2010, as reported by the National Bureau of Statistics (NBS).

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What is the way forward?
There is no need beating about the bush. To overcome the impending unemployment and economic kegs of ‘gunpowders’, there is urgent need to explore non-oil sectors towards achieving sustainable development in Nigeria.

Therefore, innovation is key! Actually, innovation has been one of the major buzzwords in the corporate world in recent years, spreading not only at the corridors of technology hubs and labs, but also corporate institutions in emerging economies like Nigeria.

Global Innovation Index
Unfortunately, in the latest Global Innovation Index which ranks the innovation performance of 128 countries and economies around the world, based on 82 indicators, Nigeria appeared on that index as a country far away from innovation because Nigeria does not invest in Innovation.

In the report countries like Mauritius, South Africa, Kenya, Rwanda, Mozambique, Botswana, Namibia, Malawi made the list of top innovative countries in Sub-Saharan Africa.

Mauritius takes the top spot among all economies in the region (53rd), followed by South Africa (54th), Kenya (80th), Rwanda (83rd), Mozambique (84th), Botswana (90th), Namibia (93rd), and Malawi (98th).

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Since 2012, Sub-Saharan Africa has counted more countries than any other region among the group of “innovation achievers” – countries that perform better than their level of development would predict. This year, Kenya, Madagascar, Malawi, Mozambique, Rwanda, and Uganda stood out. Better rankings on the indicators for institutions, business sophistication, and knowledge and technology output have allowed the region to catch up to Central and Southern Asia, and to overtake Northern Africa and Western Asia.

Average regional performance shows strengths in the ease of starting a business, ICTs, business-model creation, and relative expenditure on education, with weaknesses in firms conducting global R&D, high-tech exports, the quality of local universities and number of scientific publications. In general, further efforts are required in Human capital, Research and Infrastructure.

So, it is not surprising to see that a country like Nigeria, despite her great potentials, is yet to make investments in innovation; that really shows how the country leads with no future.

Innovation for Economic Growth
Innovation for any country or people does not come by mere wishing it, Innovation is driven by huge investments in research and development, promoting greater entrepreneurship spirit. These are the bedrocks on which prosperous economies are built.

It is easy to know where a country or continent is heading to by what they are investing their time and money in today. Nations who are looking at the future invest in research and development, so it becomes easy to understand and see where the future is going with technology.

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No wonder countries like the Switzerland, Sweden, United States, the UK, Israel, Finland, Japan, Korea, China, Germany are among the leading economies around the world. They are also the most innovative countries.

They invest in Technology, Innovation and Entrepreneurship through Research and Development. They are investing in Artificial intelligence, Robotics, Aerospace explorations, Nanotechnology, Internet of Things,3D printing, Human-centered designs you name it.

To this end, it is important for both government and private organisations to rally round the Organisers of proposed “Nigeria Innovation Summit”(www.innovationsummit.ng) with the theme: Innovation: A Key Driver Of Economic Growth And Sustainable Development; an annual event that focuses on the need for the country, businesses, organisations, entrepreneurs across Nigeria to become more innovative and apply innovation to drive sustainable development as we work together to bridge the digital divide.

The summit
The summit slated for 3-4 November 2016 at Sheraton Hotel Ikeja, is an initiative led by Emerging Media and Advertising Services, New York and Emerging Media Nigeria.

As they set to partner with the world’s leading innovation providers from academia, government and industry to connect Nigerian businesses and Innovators to global innovation ecosystems; no doubt, this will help Nigeria embrace innovation and move in the direction of digital transformation through the use of Emerging Technologies and Trends, Research, Development, Commercialization, Entrepreneurship and Investments as the key drivers of an innovation ecosystem and sustainable development. There is no better time to promote innovation in Nigeria than now.

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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IMF Sees 4% AI Growth Boost for Africa

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Accelerating artificial intelligence (AI) adoption could increase Africa’s GDP by up to 4% over the next decade, according to the International Monetary Fund (IMF).

In a report released on Tuesday, titled Africa Can Grow Faster With AI—If It Moves Now, economists from the IMF’s Africa Department say current levels of AI adoption and utilisation are expected to contribute just 0.2% to the region’s GDP over the next 10 years.

However, the report says stronger adoption, supported by the right infrastructure and policies, could raise the economic impact to about 4% by extending AI beyond today’s digitally connected firms.

Martin Schindler and other IMF economists say: “AI adoption in sub-Saharan Africa currently lags well behind every other region. If richer economies race ahead while African firms and governments lag, the productivity gap between the region and the rest of the world will only widen.”

Early signs of AI adoption are emerging across Africa, with countries including Zimbabwe, Kenya, Egypt and Nigeria developing AI strategies.

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Telecommunications operators, including Vodacom, Econet, Africell and MTN, are also integrating AI into their operations and networks.

Other examples include chatbots supporting teaching and learning in Nigeria and the South African Revenue Service’s use of data analytics for targeted tax audits.

However, the IMF says AI adoption must extend beyond these early use cases to deliver meaningful economic benefits.

“For the region, AI’s main promise is not about replacing office workers, but boosting productivity across the economy—helping informal firms manage inventory, enabling farmers to increase yields, and supporting mid-sized firms to transition to formality and export readiness,” the report reads.

The IMF is urging governments to prioritise investment in reliable electricity, affordable broadband, data infrastructure and digital skills to support wider AI adoption.

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Many African countries, including Zimbabwe, Kenya, Ghana, Nigeria and Cameroon, continue to face electricity shortages, while broadband services remain costly and coverage is uneven.

The Fund believes stronger investment in power, connectivity, regional data infrastructure and digital skills would help unlock AI’s economic potential.

 

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NPC Opens Nationwide Digital Birth, Death Registration Platform

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National Population Commission (NPC) has commenced the nationwide digital registration of births and deaths under the Electronic Civil Registration and Vital Statistics (E-CRVS) system to strengthen legal identity management and improve demographic data.

NPC Opens Nationwide Digital Birth, Death Registration Platform

Speaking at a press briefing in Lokoja on Tuesday, Mr Afolabi Yori, federal commissioner representing Kogi, said the initiative became operational nationwide on July 1, through the VitalReg platform.

Yori described the development as a landmark in Nigeria’s civil registration system, noting that it would modernise birth and death registration through a technology-driven platform that meets international standards.

He said the digital platform would improve service delivery, strengthen data integrity and ensure that every birth and death occurring in Nigeria was accurately documented and securely stored.

According to him, civil registration is more than an administrative process, as it provides reliable statistics that support public policy formulation, resource allocation and national development planning.

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“Nigeria records an estimated five million births annually, yet millions of births and deaths remain unregistered.

“Birth registration coverage currently stands at about 57 per cent nationwide, while death registration remains below 20 per cent,” he said.

The commissioner said that the commission had established 4,011 functional registration centres across the country’s 774 local government areas and was working to expand the number to about 8,000.

He added that the commission was strengthening collaboration with stakeholders to improve the capacity of registration personnel and ensure prompt documentation of vital events through the VitalReg platform.

Yori said the platform would provide faster registration services, 24-hour online access, digital certificate issuance where applicable, and reduce paperwork, waiting time and unnecessary travel.

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He disclosed that the platform was being operated under a Public-Private Partnership with Barnks-forte Technologies Ltd. as the commission’s technical partner to ensure system availability, cybersecurity and continuous technological improvement.

He called on parents, healthcare institutions, traditional and religious leaders, civil society organisations, development partners and the media to support the initiative by encouraging the prompt registration of births and deaths.

Earlier, Samuel Omonakpeme, director in Kogi, NPC State, described the commencement of the digital registration system as another milestone in efforts to strengthen Nigeria’s Civil Registration and Vital Statistics system.

Omonakpeme stated that the initiative aligns with the Federal Government’s digital transformation agenda and the Sustainable Development Goals, particularly Goal 16.9, which seeks to provide legal identity for all.

He appreciated the Federal Government, the leadership of the commission, UNICEF and other development partners for supporting the implementation of the initiative.

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The state director also urged parents, guardians, health institutions, community leaders, religious organisations and the media to mobilise public support for the timely registration of all births and deaths.

The News Agency of Nigeria (NAN) reported that ICT personnel of the commission, led by Ehimoni Kolawole, conducted a live demonstration of the digital birth registration process using the VitalReg platform.

The demonstration showed that the registration process captures the biodata of both parents, while at least one parent must possess a valid National Identification Number (NIN) to complete the registration of a newborn.

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YEDC Warns Customers, Says 20 Percent Electricity Bonus is Scam

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Yola Electricity Distribution Company (YEDC) has alerted its customers to a fraudulent message circulating on social media, falsely claiming that electricity consumers can receive an additional 20 per cent bonus units when recharging their prepaid meters through unofficial channels.

YEDC Warns Customers, Says 20 Percent Electricity Bonus is Scam

In a statement issued by the company’s management on Monday, YEDC described the claim as false and urged customers to disregard the misleading information, stressing that it did not originate from the company.

According to the statement, YEDC does not offer bonus electricity units through individuals, agents, personal bank accounts, phone numbers, or social media contacts.

The company advised customers to purchase electricity tokens only through approved cashless payment platforms, including the YEDC Pay App, OPay, Interswitch, and other authorised vending channels, or to visit the nearest YEDC office for assistance.

YEDC also cautioned customers against sharing their meter details or personal information, or making payments to unauthorised persons claiming to represent the company.

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The company further urged customers to rely exclusively on information disseminated through its official communication channels to avoid falling victim to fraud.

The management thanked customers for their continued cooperation and reaffirmed its commitment to serving them.

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