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Nigeria Seeks More India Supports, as TEPC Earmarks $10Bn for Indo-Africa

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Adebayo Shittu, minister of Communications has called for more collaborative efforts with India to deepen Nigeria’s Information and Communication Technology (ICT) sector growth.

This was contained in Shittu’s keynote address, Wednesday, during the Indo-Africa ICT Expo 2017, organised by the Telecom Equipment and Services Export Promotion Council (TEPC) held in Lagos.

Coincidentally, the India Government said, it has set aside $10 billion for Indo-Africa trade aimed at promoting ICT innovation and development across African continent.

The Minister said that the partnership would ensure that Nigerian businesses tap into reservoir of knowledge among their Indian counterparts and develop technology-based solutions for the Nigerian, African and even the global market.

According to him, there are numerous opportunities for partnerships between both public and private sector of Nigeria and India.

”I implore Indian investors to explore areas to further enhance the lives of our people through technology.

”Nigeria has huge unmet ICT demand and businesses that were apprehensive till some time back have realised the potential of ICT and are willing to invest in this sector.

”The unmet ICT demand in Nigeria offer huge opportunities for Indian companies, arising in segment such as products and services related to mobility, security solution, telecommunications, education, capacity building among others,” he said.

Shittu said that according to the International Telecommunication Union (ITU), out of the 940 million people living in the least developed countries, most of them being in Africa, only 89 million people use the internet, corresponding to a 9.5 per cent penetration rate.

He said that ITU had projected that by the end of 2017, only 50 per cent households in developing countries would have access, compared with more than 80 per cent in the developing countries.

According to him, these statistics are a clear call for the need to identify opportunities for collaboration, sharing best practices and exploring inclusive technologies to drive the world into a truly connected community.

Indo-Africa: India Courts Nigeria On Digital Economy Agenda ‎
Mr. Manoj Sinha, minister for Communications, Government of India said that the Country globally recognised as an outstanding example to all developing economies in Information and Communications Technologies, ICTs.,‎ has shown interest in assisting Nigeria actualize its digital economy initiatives. ‎

‎Sinha‎ reflected on how India has grown to be the world’s largest sourcing destination for the Information and Communications Technology, ICT, industry, accounting for approximately 67 per cent of the $124-130 billion market.

According to him, an efficient national identity ‎management system is strategic to achieving digital economy, particularly in delivering services to the citizens.

‎He said that India’s investment footprints in Africa have always depicted ICT as critical to opening up the Continent for other sectorial growths such as telecoms, e-Governance, e-Health, agro-technology, ecommerce, among others.

India Earmarks $10Bn For Indo-Africa Trade
India Government has set aside $10 billion for Indo-Africa trade aimed at promoting ICT innovation and development across African continent, added Mr. Sanjay Nayak, co-chairman, TEPC and CEO, Tejas Networks.

He said Indian Government, via its Communication ministry, hopes that the move will ensure mutually beneficial growth between Africa and India as there is hardly shortage of ideas but shortage of capital in the continent.

Mr. Sanjay also revealed that India now boasts of lowest telecoms tariffs in the world thanks to years of technology innovation and deployment of latest, highest quality and lowest cost technology.

According to him, Indian companies can replicate such success in Nigeria and other African countries. “Indian IT services are what you can trust. You do not have to worry about it. Every ICT problems you intend to solve in the next five years India is ready to partner. We will make sure you grow your industry as we grow our own.”

He said that TEPC recognises the strength of building ‎a design-led manufacturing ecosystem for telecom products and service, adding that TEPC is further committed to support the creation of domestic products and enable manufacturing with high domestic value-addition.

 

 

 


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Glo Urges Workers to Reflect on Furthering National Growth on May Day

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Telecommunications services provider, Globacom, has admonished Nigerian workers to reflect on more ways of contributing further to the growth of the country.

In a solidarity message on the occasion of the 2024 International Workers’ Day, the company noted that Nigerian workers were resilient in spite of the challenges they encounter in the course of discharging their duties.

The telecommunications giant further noted that the story of Nigeria cannot be adequately chronicled without acknowledging the immense contributions of workers, both in the public and private sectors.

The day is observed on May 1 yearly in recognition of the contributions of workers all over the world and to advance fairer and more sustainable future by advocating for workers’ rights.

“We salute Nigerian workers on this day and commend them for the hard work, commitment, resourcefulness and industry which are essential for the growth of the economy of any nation,” Globacom said.

 


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CWG Board of Directors Approves 400% Increase in Dividend Payout

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CWG Plc has announced a significant milestone in its commitment to delivering value to shareholders. Following a thorough review of the company’s financial performance and outlook, the Board of Directors has approved a substantial increase of 400per cent in dividend payout to shareholders.

This decision reflects CWG’s confidence in its financial stability, growth trajectory, and ability to generate sustainable returns. By enhancing the dividend payout, CWG aims to reward shareholders for their continued trust and support while reaffirming its commitment to creating long-term value.

Mr. Philip Obioha, Chairman of the Board of Directors at CWG Plc, said, “The decision to approve a 400% increase in dividend payout underscores our confidence in CWG’s performance and outlook. We are dedicated to delivering value to our shareholders and believe that this significant dividend increase is a testament to our commitment to shareholder value creation.”

This increase in dividend payout aligns with CWG’s strategic objectives to prioritize shareholder interests and maintain strong financial discipline. The Board remains committed to prudent financial management and sustainable growth, ensuring that CWG continues to be a reliable investment for shareholders.

As CWG continues to execute its growth strategy and expand its presence in the market, the Board anticipates that the increased dividend payout will further strengthen investor confidence and support CWG’s vision for the future.


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Prof. Aliyu, AI Practitioner to Keynote ABoICT 2024

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CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.

 

Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.

This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.

The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.

According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.

A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.

He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.

Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.

He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.

Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.


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