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BRG Urges Multinationals to Emulate MTN in Board Composition

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Business Renaissance Group (BRG), a non-aligned, not for profit and non-government organisation, has underscored the need for adherence to the teneths of brotherhood and corporate inclusion.

 

Mazi Omife I. Omife, president, BRG, who stated this said that multinational corporations operating in Nigeria should emulate telecommunications firm MTN Nigeria by ensuring good representation of Nigerians on their Board of Directors.

 

At a special media briefing, Omife, noted that the nation’s recent corporate history is replete with some of the best-known and respected corporations that have operated within the shores of Nigeria for as long as 50 years yet membership of their Boards are skewed in favour of non-Nigerians.

 

He observed that most of these notable multinationals have only recently, under compulsion, deemed it expedient to enlarge their Boards of Directors to include Nigerians.

 

Omife commended the recent reconstitution of the Board of Directors of MTN Nigeria as a veritable example of how best to appreciate local human resource.

 

It applauded the appointment of the likes of Dr Ernest Ndukwe, Mrs Omobola Johnson and Mrs Ifueko Okauru to the Board of MTN Nigeria. These appointments, Omife observed, is coming on the heels of the immediate past board headed by the venerable Dr. Pascal Dozie with the likes of Gbenga Oyebode, a corporate czar and Tunde Folawiyo, an astute entrepreneur. All these he avowed are coming less than two decades of MTN operation in Nigeria.

 

The recent reconstitution of the Board of Directors of MTN Nigeria, according to Omife, is a veritable example of how best to appreciate local human resource.

 

It further demonstrates gender sensitivity in a most noble manner that is devoid of mere tokenism that stem from affirmative action.

 

This is because the two Nigerian women, Omobola Johnson and Ifueko Okauru, recently appointed to the MTN Nigeria Board, unarguably, rank among the brightest and most accomplished Nigerians.

 

Omife contended that the appointment affirms MTN’s belief in the capacity of Nigerians thereby engendering faith and trust in Nigeria and its citizens.

 

It also showcases Nigeria as a country blessed with abundant human capital and underscores the truism implicit in the patriotic refrain of brand Nigeria pay offline “Good People Great Nation”.

 

Omife ruled out any possibility of conflict of interest in the appointments of these eminent Nigerians. He insisted that the appointment of these distinguished Nigerians to the MTN Board, in no way, detracts from equity and fairness.

 

To him, “their appointment is indeed a masterstroke by a visionary multinational corporation to harness the best of available local talent to further the ends of its noble objectives, which, all things considered, will serve the best interest of Nigeria and Nigerians”.

 

He surmised that the appointment in no way ran foul of any known law, business ethics and corporate governance rules cum guidelines.

 

He therefore enjoined Nigerians to encourage the likes of MTN to be properly tooled; with outstanding Nigerians at the commanding heights of their policy-making cadres.

 

Omife reaffirmed BRG’s unequivocally support the creation of a level playing field and enabling operating environment for businesses to thrive and prosper.

 

He pledged to continue to campaign for fair play and global best practices especially as it pertains to businesses in Nigeria.

 

Restating his commendation of MTN Nigeria for injecting outstanding Nigerian talents to its Board of Directors, he implored other multinationals operating in Nigeria to follow this very good example of MTN.

 

 

 

 


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FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

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Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.

While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.

The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.

“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.

New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”

The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.

The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.

Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show. On Feb. 28, a cut on its network in three different locations by a road construction firm, an oil serving company and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.

A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.

“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”

 

 


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Telegram Eyes 1Bn Users amidst Political Pressures

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Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.

Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.

With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.

Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.

Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.

In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.

 

 


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NITDA, NIMC Announce Collaboration To Strengthen Digital Economy

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To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.

During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks


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