Connect with us

Telecom

Ekeh, Zinox Boss, Earmarks N1.5Billion to Support SMEs in Imo

Published

on

Emeka Ihedioha, Imo State Governor and Leo Stan Ekeh, Chairman, Zinox Group at the event.
Kindly share this post

Chairman, Zinox Group, Leo Stan Ekeh has declared a three-year interest free loan of N1b to petty traders and small and medium businesses in Imo State.

 

Ekeh, a native of Imo State, disclosed the intervention is to reduce hardship, stimulate business activities and give hope to majority of the people in the state.

 

Further, Ekeh launched an educational support project for indigent but intelligent students of the state to enable them acquire proper university education. For this, Ekeh set up a non-interest revolving loan scheme of N500m.

Advertisement

 

He made this disclosure at the flag-off/groundbreaking of the construction/rehabilitation of rural roads by the Imo State Government.

 

The event, which held on Tuesday, August 27th at Ubomiri, Mbaitoli Local Government, had in attendance, the Imo State Governor, Emeka Ihedioha.

 

Advertisement

Also in attendance were traditional rulers and partner agencies from the World Bank and French Development Agency (AFD).

 

Indigent students will benefit from the revolving loan scheme to further and complete their education. Graduates from the scheme will also be exposed to employment opportunities.

 

Subsequently, the graduate-beneficiaries will be expected to refund the loan once they are gainfully employed at zero interest. This will ensure the sustenance of the scheme and allow others benefit from it.

Advertisement

 

First Class graduates will be exempted from repayment of the loans as reward for their sterling performance. Conversely, students whose grades drop to third class will be ejected from the scheme.

 

Ekeh believes that in the next 10 years, the interventions and the government’s commitment in these respects will reposition Imo state as the envy of all.

 

Advertisement

Additionally, the serial digital entrepreneur revealed that Imo State is being used as a model. He disclosed that if it works, the efforts will be replicated in more states in Nigeria.

 

The Zinox boss equally donated 20 laptops and a set of printers to the Imo State Government.

 

“I am very sure other well-meaning Nigerians will borrow same strategies to replicate in their communities.

Advertisement

 

“This is not the age of free money and bad wastages. The 21st century is the age of privileges and opportunities.

 

“Nigerians must imbibe the culture of earning a living and paying back so that others can benefit. Cash is not inexhaustible.

“What I have done is use myself as a personal collateral in addition to putting up some of my assets to a Nigerian bank to take a loan and try and bail out a percentage of my people.

Advertisement

 

“Indeed, if it works, the multiplier effects shall be far-reaching. If they fail me, it is a disaster but that is life.

 

“I have done same in the ICT sector in the last 15 years with over N10b and it is still working. Most successful people in the world did not receive cash from their families so how did they become globally successful?”

 

Advertisement

Ekeh, a global advisor to Microsoft, revealed that he has not slept in his mansion in Owerri in the past six years.

 

“Each time I visit home, I often leave depressed. This is because of the state of things and the money I have to spend to help out those in dire conditions. With these interventions, I am confident that things will take a positive turn soon,” he affirmed.

 

Ekeh has been responsible for a number of charitable works in Imo State and beyond.

Advertisement

 

Notably, he donated the sum of N50m to assuage the pains of victims when the Eke -Ukwu market was demolished by the administration of Rochas Okorocha.

 

Ekeh has also been involved in providing scholarships to needy students, medicare to the indigenes and regularly supporting religious institutions in the state.

 

Advertisement

In his speech at the event, Gov. Ihedioha expressed appreciation to Ekeh for the humanitarian and noble gesture, even as he expressed pride in the Zinox Boss.

 

“Imo State is proud to have a son like Leo Stan Ekeh. I am aware he put up some of his assets in order to raise the funds for the projects he has announced today.

 

“May God continually bless him for all that he does for humanity.  I am hopeful that other well-meaning Imo indigenes will join us to rebuild the state.”

Advertisement

 

Speaking at the event, Chief Victor Emeto heaped encomiums on the Zinox boss.

 

“Leo Stan Ekeh is the next to God not just in Imo State and our town Ubomiri in particular.

 

Advertisement

“He carries all our responsibilities from school and church building and maintenance to raising nursery schools in every church.

 

“He has an annual budget for every church in the community and does not limit it to Catholics only. Same with the education of our children and electricity. What is more disarming is his humility and quietness with which he does these things.

 

“In fact, he picks every phone call from anybody from this town, no matter how small. Any time he is home, he sits on the floor with us to discuss our problems.”

Advertisement

 

Also lending his voice was the oldest man in the Ubomiri community, Nze Moses Duru.

 

“Chief Leo Stan Ekeh is God-sent to Imo State. When the Eke-Ukwu market was demolished by the previous administration, he came to the rescue of the people with a huge donation.

 

Advertisement

“He also paid the sum of N1m to the family of the boy who lost his life. That singular action calmed tensions, otherwise Imo State may have burned.

 

“We are aware he supports other states in Nigeria. That is why we continue to pray for him and he does things without making noise.”.”

 

NzeDuru ended by disclosing that Ekeh was equally responsible for facilitating the electricity in the village.

Advertisement

 

 

 

Kindly share this post

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

Telecom

Fact-Check: Elon Musk’s “Tesla Pi Phone” is Internet Rumor

Published

on

Kindly share this post

Viral rumors about a “Tesla Pi Phone” a  new phone, being developed by Elon Musk,  CEO and largest shareholder of Tesla and SpaceX, are entirely fake.

Fact-Check:  Elon Musk’s "Tesla Pi Phone" is Internet Rumor

AI Generated Tesla Pi Phone and Elon Musk

Instead, the tech giant said on Monday it has filed an application with the US Federal Communications Commission for permission to deploy the constellation by 2028.

It said the system would provide voice, messaging, data and emergency services.

A quick fact-check revealed that Tesla Inc. has never manufactured, developed, or released a smartphone.

Videos and articles claiming a release (often priced between $150 and $800 with solar charging or satellite-only connections) rely on AI-generated concept art and recycled internet hoaxes dating back to 2021.

Musk has only mentioned a phone in hypothetical remarks, stating Tesla would build one only if major app stores completely blocked or censored essential apps like X (formerly Twitter).

Advertisement

On Monday however, his company said that “Amazon looks forward to delivering on the promise of D2D [direct-to-device] connectivity, including to the millions of people living, travelling and working in places beyond the reach of existing networks today,”

The filing is the first step from Amazon into satellite mobile connections, which has until now been dominated by SpaceX’s Starlink service.

Musk’s group has signed partnerships with existing operators such as T-Mobile US and the UK’s Virgin Media O2 to provide phone services for customers where their conventional networks do not reach.

Starlink operates across more than 150 countries, offering high-speed internet connections through its constellation of satellites.

 

Advertisement

 

Kindly share this post
Continue Reading

Telecom

How and Why Apps Deplete Data – ALTON

Published

on

Kindly share this post

Association of Licensed Telecommunications Operators of Nigeria (ALTON) has attributed rising mobile data consumption to increased use of smartphone applications, cloud services and emerging digital technologies.

How and Why Apps Deplete Data - ALTON

Mr Gbenga Adebayo, chairman, ALTON

Mr Gbenga Adebayo, chairman, ALTON, disclosed this on Tuesday at the Lagos Chamber of Commerce and Industry (LCCI) conference in Lagos.

Adebayo said smartphones had transformed access to digital services, with many applications consuming data continuously, even when users were not actively browsing the internet.

He explained that automatic software updates, cloud backups, application synchronisation, video streaming, social media autoplay and location services significantly increased data consumption.

According to him, internet usage had changed considerably from a decade ago when consumers mainly relied on direct browsing with fewer digital applications running simultaneously.

He said growing adoption of artificial intelligence, cloud computing and other emerging technologies would further increase demand for reliable connectivity and greater network capacity.

Advertisement

“The evolution of smartphones has fundamentally changed how consumers access digital services, with many applications now consuming data continuously,” Adebayo said.

He stressed that digital literacy had become increasingly important because consumers needed to understand how their devices and applications consumed mobile data.

He advised subscribers to monitor application activity, adjust device settings and use built-in data management tools to better control their data consumption.

Adebayo said greater understanding of digital tools would help dispel misconceptions about data usage and strengthen public confidence in Nigeria’s telecommunications industry.

Responding to allegations that operators deliberately depleted customers’ data, Adebayo dismissed the claims, insisting telecommunications companies had no commercial incentive to engage in such practices.

Advertisement

He said every megabyte consumed on telecom networks was recorded through internationally standardised billing systems supplied by recognised technology vendors and regulated by authorities.

“Such a practice would be unlawful, unethical, commercially self-defeating and subject to stringent regulatory oversight by the Nigerian Communications Commission,” he said.

Adebayo explained that operators’ billing systems were designed to guarantee accuracy, transparency and verification, while genuine consumer complaints were investigated through established protection channels.

He added that the Nigerian Communications Commission’s complaint resolution mechanisms and technical audits provided consumers with credible avenues for seeking redress over billing concerns.

According to him, trust remains essential to expanding Nigeria’s digital economy because telecommunications infrastructure supported banking, healthcare, education, commerce and government services.

Advertisement

He said the telecommunications sector had evolved beyond basic communication services into a critical driver of productivity, investment, innovation and national economic growth.

Adebayo noted that emerging technologies, including artificial intelligence, financial technology, smart manufacturing and digital agriculture, depended on resilient telecommunications infrastructure.

He said Nigeria could only maximise these opportunities through sustained collaboration among government, regulators, telecommunications operators and consumers.

Adebayo reaffirmed operators’ commitment to improving customer experience, strengthening network resilience and promoting transparency in telecommunications service delivery.

He urged stakeholders to encourage evidence-based discussions on digital services, stressing that public trust remained indispensable for the sustained growth of Nigeria’s digital economy.

Advertisement

(NAN)

Kindly share this post
Continue Reading

Telecom

Galaxy Backbone Soft Launches Government Service Portal to Simplify Access to Public Services

Published

on

Kindly share this post

Galaxy Backbone (GBB), in partnership with the Federal Ministry of Communications, Innovation & Digital Economy (FMCIDE) and the Korea International Cooperation Agency (KOICA), officially conducted the soft launch of the Government Service Portal (GSP), a groundbreaking digital platform designed to transform how citizens, businesses and government institutions interact.

The event, held at the Galaxy Backbone National Shared Services Centre (NSSC) Headquarters in Abuja, brought together senior government officials, development partners, technology stakeholders and members of the media to unveil services.gov.ng—Nigeria’s new one-stop digital gateway for accessing government services.

The Government Service Portal is designed to provide a single, trusted platform through which Nigerians can easily discover, access and interact with digital services offered by Ministries, Departments and Agencies (MDAs). By consolidating government services into one unified portal, the initiative aims to improve accessibility, enhance service delivery and create a more seamless citizen experience.

Speaking at the event, the Managing Director/Chief Executive Officer of Galaxy Backbone. Professor Ibrahim Adeyanju, stated that the launch represents another significant milestone in Nigeria’s digital transformation journey and reflects the Federal Government’s commitment to building a more connected, efficient, transparent and citizen-centred public service.

He emphasized that the Portal is more than a website; it is the foundation of a unified digital gateway that places the needs of citizens and businesses at the centre of government service delivery.

Advertisement

He further noted that while the event marks the beginning of the Portal’s journey, the soft launch provides an opportunity to onboard pioneer MDAs, gather user feedback, strengthen system integrations and continuously improve the platform ahead of a wider national rollout.

Representing key stakeholder institutions at the launch were the Deputy Director of KOICA Nigeria, Mr. Ki Yun Baik; the Permanent Secretary of the Federal Ministry of Communications, Innovation & Digital Economy, represented by Mr. Joseph Bareiye, Director of e-Government; the Permanent Secretary, State House, represented by Mr. Oguntuyi Olusegun, Head of ICT; and the Executive Director, Digital Exploration and Technical Services, Galaxy Backbone,  Olumbe Akinkugbe.

The Government Service Portal aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, and supports Nigeria’s broader Digital Public Infrastructure (DPI) agenda by creating a citizen-facing gateway that complements existing investments in digital identity, secure infrastructure, cloud services, cybersecurity and digital government platforms. It can be accessed using the link: services.gov.ng .  The initiative is expected to strengthen public service delivery, increase transparency, improve operational efficiency and foster greater trust between government and citizens.

Galaxy Backbone reaffirmed its commitment to supporting all Ministries, Departments and Agencies in integrating their digital services into the Portal, noting that collaboration across government will be critical to building an inclusive, interoperable and efficient digital ecosystem that benefits every Nigerian.

The Government Service Portal is expected to evolve into Nigeria’s central digital gateway for public services, making government services simpler, faster and more accessible for citizens and businesses alike.

Advertisement

Kindly share this post
Continue Reading

Trending