General News

Collocation Reduces Operatorsâ€™ Headaches- Onakomaiya

Published

17 years ago

December 8, 2008

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Mr. Gbenga Onakomaiya, chief commercial officer (CCO) of IHS, a company reputed for building and managing Nigeria’s Telecom Infrastructure with the highest quality at affordable cost. Onakomaiya has over a decade experience in the telecommunications industry and worked in Motophone where he handled finance and adminstrastion. A very unassuming and consummate salesman, he speaks with passion about collocation and sundry issue in this interview with emeka okafor.

Accident on Duty
Fortunately we have not experienced any casualty in our own case by the Grace of God and after that by the safety measures we put in place, we believe very much in safety procedures we adhere strictly to safety issues and quality issues and that is why we know we are also ISO certified. One of the requirements for ISO certification is to be safety conscious and we do not compromise it with regards to building of sites, we go to the minutest details to ensure that things are secured both for the community and for our staff. It saves a lot of money, because by the end of the day if you don’t do that you spend it ten times more than what you were to spend initially. We don’t compromise safety, if we do, may be our certificate will be withdrawn from ISO. It’s a continuous assessment they are always on our neck, we are always ready for them
Collocation
Economy of scale has shown that you have to do something about collocation. The operators themselves are now seeing the business angle in doing that in the sense that when you, for example you use $6000 dollar per month to maintain a site as a company when you have an option of paying $ 2000 a month sharing location .They are now seeing the economic sense in sharing infrastructure.
Initially, everybody wanted to provide services by themselves but now they are now seeing the economic sense because the sites are growing .It’s now much bigger for them to maintain .They need to digress themselves from these services and focus their attention on the core things they do. The competition has been wonderful and that is what has been keeping us going. We know there is competition and we strive to be the best in what we do because we do not want to be cluttered away, competition is the driving force we have, and without competition we will be relaxed. Since we know more competition is still coming we don’t want to lag behind. We have to make returns to our shareholders.
Problem of Touts and Youth Restiveness
It is very simple. There’s no place all over the world where you don’t have youth restiveness even in India. It is very rampant, but the way you manage it is very important. In IHS for instance, what we do is we have meetings with stakeholders, the community leaders, the youths and everybody. We call them and tell them that we are all stakeholders in the business and as such they should see themselves as part owners of the business and we tell them their benefits. You may be surprised that most of them don’t even know that there are benefits accruing to them. They believe the presence of any telecom project in their area is a national cake which they have to take their own share of but when you tell them the benefits of siting a base station in their community, that it can bring development to them either directly or indirectly because if there’s a base station in a community, there’s good network coverage in that community and you will have a lot of business centres being operated. One other thing we do is that right from the time of construction of any project; we involve the community where the project is located. We engage the local artisans and don’t hire them from outside. At the end of the day we engage two or three of them as security to man the cell site. Periodically, we engage the community in discussions to see how we can develop the community. Then we have conquered that aspect of youth restiveness because we believe in them and take them along in what we do, so they now feel we are part of them.
Leveraging on Shared Infrastructure
Oh very well. They have now seen the need and benefits of it in terms of taking the headache of maintaining, managing and monitoring the sites off them. They can now use their energy in other areas of service which they are providing. It also encourages shared expenses among two or three operators. This reduces the expenses they make and increases their profit which they can now divert in other areas.
Role in Corporate Social Responsibility
What we want to achieve very soon most companies or all the companies will be accessed not only by the profit they make but what they give back to the society. What social responsibility have you been able to do?. If you do not develop community the repercussion will be on you because you have to spend more on developing infrastructure or building infrastructure but if you develop a community you have less money to spend on accessing the community so we know by donating to them we are making things easier for us at the same time building a relationship with the community you are making the community to trust you and believe in what you do. Anytime you need anything, the community will be there to assist you.
State Government Tasking Operators to Share Infrastructure
I am hearing that for the first time that the state government is tasking telecom operators to encourage them to share infrastructure. It’s a welcome development if it is doing that, but then, as a matter of fact most operators have seen the benefits of sharing infrastructure and we are in discussions with some of them to take over their sites so that other operators who are not there yet can also collocate on the site. That is the kind of agreement we are making with them. We are not dismantling any site already built. The site that is already available can be acquired from the operators for us to manage it for them .More operators are coming in and they want coverage in certain areas so they can come in and make use of the base stations that are already in existence.
Capacity to Handle More Operators
IHS has the capacity to accommodate any new company that is coming in and as a matter of fact, we are building based on the imagination of what the future would be like, the number of operators that are coming in or envisaged to come in. We have sites that can take in at least four operators at a time. As a matter of fact, we have our equipment in the country now that can establish 500 sites and by the grace of God we should be building more 500 sites by the end of 2009. We should be commissioning 54 sites any time from now after NCC’s approval.
IHS and Stock Exchange
As you are aware we are through with our private placement and as a result we were given the go ahead to register our shares. We submitted our application to the Stock Exchange to be listed and you will be the first to hear that we have been given approval to list on the Stock Exchange and we will be listing any moment from now officially. We are public limited liability company now and we will be fully quoted so that people can buy our shares and that is why we want to improve and continue to improve for people to be able to have better result on their investments
Best Telecom Infrastructure Provider Award Expectations from IHS
It has given us operators the impetus to work harder and as a matter of fact we have won another award from another IT magazine, IT and Telecoms Digest. It’s a pleasant surprise and another challenge for us to keep on providing good quality service to every body in the industry.
Your Role in Miss Telecoms
We have the urged to encourage the youths. We sponsored the event and gave out the first prize and want to do more than that. The winner of Miss Telecoms will be involved in a campaign that will be announced very soon. The campaign will benefit the society because we want to campaign against environmental pollution.
Why Has IHS Suddenly Become Known
IHS has been in existence since 2001. We are about the first company that went into service delivery in the telecoms industry but we have been working silently because we believe in working and not talking. .We have built the highest number of sites in the industry. When you consider the total number of sites built so far IHS has built at least 30% of all the sites we have today and we believe in quality. It could be because more telecoms operators are coming in that people are beginning to know us but we have been working silently. We will continue to do our work silently but the public will be seeing what we are doing.

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General News

EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

Published

6 hours ago

March 31, 2026

Ebere Melum-Nwogbo

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Economic and Financial Crimes Commission (EFCC) has warned of rising cryptocurrency-related crimes, revealing that illicit digital currency transactions exceeded $160 billion globally in 2025.

EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

Ola Olukoyede, chairman, raised the concern during the inauguration of the United Nations Office on Drugs and Crime Country Programme for Nigeria (2026–2030) in Abuja.

Olukoyede, warned that digital currencies such as Bitcoin are increasingly being exploited by criminal networks to move funds across borders undetected.

According to him, advances in technology, weak regulatory frameworks, and gaps in global financial systems have created fertile ground for cyber-enabled financial crimes.

The anti-graft agency boss stressed that tackling cryptocurrency crime required coordinated national strategies, stronger institutions, and intelligence-driven enforcement.

According to him, the new UNODC programme comes at a critical time when Nigeria and the global community are facing growing threats from organised crime, cybercrime, and illicit financial flows.

Olukoyede described the initiative as a strategic platform to strengthen the rule of law, improve the criminal justice system, and protect citizens from financial and violent crimes.

Musa Aliyu, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), in his comments, called for stronger inter-agency cooperation.

Aliyu said Nigeria faced interconnected threats, including violent extremism, smuggling, organised crime, and illicit financial flows, warning that no single agency could address them alone.

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General News

FG Awards N50m Each to 45 Students under S-VCG

Published

6 hours ago

March 31, 2026

Ebere Melum-Nwogbo

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Federal government has awarded N50 million each to 45 students selected from 65 finalists drawn from public and private tertiary institutions nationwide under the Student Venture Capital Grant (S-VCG).

FG Awards N50m Each to 45 Students under S-VCG

Tunji Alausa, minister of Education, unveiled the initiative at the weekend at the United Nations Development Programme Innovation Hub in Ikoyi, Lagos, describing it as a bold step toward positioning Nigerian youth as drivers of global innovation.

Alausa said the programme marked a significant shift in education policy, aimed at empowering students through innovation, entrepreneurship, and skills development. He noted that the grant offers equity-free funding, mentorship, incubation, and access to digital tools.

He explained that the beneficiaries emerged after a rigorous selection process involving over 30,000 applicants from more than 400 tertiary institutions across the country, culminating in a three-day bootcamp and pitch session before industry experts.

According to the minister, the initiative is designed to transform tertiary institutions into hubs of innovation and economic development, enabling students to move from ideation to commercialisation and become job creators.

“Today is not just another programme event. We are activating a new future for Nigerian students where great ideas are nurtured into impactful solutions,” he said.

Also speaking, Suwaiba Ahmad, minister of State for Education, described student entrepreneurship as a critical national strategy for job creation and economic growth. She emphasised the need for institutions to move beyond theory and support students in translating ideas into viable enterprises.

Similarly, Bosun Tijani, minister of Communications and Digital Economy, commended the initiative, urging beneficiaries to focus on building sustainable and impactful solutions rather than pursuing short-term gains.

He advised students to adopt consistency and long-term thinking, noting that small, sustained efforts could lead to meaningful innovation and societal impact.

In her goodwill message, Elsie Attafuah reaffirmed the commitment of the United Nations to supporting Nigeria’s innovation ecosystem.

She encouraged beneficiaries to refine their ideas, respond to market needs, and contribute meaningfully to national development through innovative solutions.

The minister acknowledged key partners, including the UNDP, Google, and the Bank of Industry, for their support in implementing the initiative and expanding opportunities for young innovators across Nigeria.

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General News

FG Urges Stakeholders to Unlock Trade Opportunities for MSMEs To $3.5trn AfCFTA Market

Published

6 hours ago

March 31, 2026

Chike Onwuegbuchi

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The Federal Government has launched the ‘Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA’ report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market.

The high-level report, hosted by the Office of the Vice-President in collaboration with ODI Global under the Supporting Investment and Trade in Africa (SITA) programme, was unveiled on Monday by the Deputy Chief of Staff to the President, Ibrahim Hassan Hadejia, in Abuja.

Hadejia described the research as both timely and strategic, noting the strong coordination by the Office of the Vice-President and the leadership of the Federal Ministry of Industry, Trade and Investment.

He revealed that the cross-border payments report followed earlier milestones, including the development and launch of Nigeria’s Digital Trade Strategy and a capacity-building programme for subnational leaders.

According to him, Nigeria is increasingly assuming a leading role in shaping the digital trade agenda across the African continent, necessitating that the country remains at the forefront of AfCFTA implementation.

He noted that deepening engagement with AfCFTA and enabling businesses, particularly SMEs, to conduct seamless cross-border transactions will be critical to unlocking trade, fostering growth, and creating jobs.

He further stated that efficient cross-border payments, supported by trusted digital identity systems as recommended in the report, will be key to realising President Bola Ahmed Tinubu’s Renewed Hope vision for Nigerian MSMEs.

Hadejia also observed that while the report identifies the Pan-African Payment and Settlement System as a critical platform for cross-border digital payments, Nigerian fintech firms such as PalmPay and Moniepoint, which have some of the largest and most active user bases, will play a pivotal role in driving adoption.

He assured the audience that the Federal Government remains committed to strengthening critical infrastructure, regulatory frameworks, and partnerships to ensure Nigeria is not only ready for digital trade but continues to lead.

“I appreciate the efforts of all stakeholders and urge us to move AfCFTA beyond a continental agreement to a $3.5 trillion trade juggernaut that will reinvigorate our industries, unlock intra-African trade, and domesticate African prosperity,” he added.

Hadejia stated that intra-African trade will be driven not only by large corporations but by small businesses empowered through digital trade and e-commerce, while noting that issues of trust, identity and logistics, as highlighted in the report, must be addressed.

Commenting on the report, the Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, said the report – developed under the purview of the Office of the Vice-President – would significantly strengthen the MSME ecosystem.

He explained that cross-border payments in Nigeria and across Africa have historically been largely informal and inefficient but noted that the emergence of the Bank Verification Number (BVN) and National Identification Number (NIN) systems is changing the landscape.

Adekunle-Johnson expressed optimism that the report’s findings and recommendations would enable Nigerian SMEs to achieve seamless access to continental markets.

Earlier, the Special Assistant to the President on ICT Policy, Office of the Vice-President, Salihu Dasuki, disclosed that the office, in partnership with development partners, has developed a framework to fast-track seamless cross-border payments for MSMEs.

He added that a key pillar of President Tinubu’s Renewed Hope Agenda is enabling Nigerians to access digital trade, which informed the capacity-building programme conducted for subnational governments last year.

Also speaking, Special Assistant to the President on Project Support, Office of the Vice-President, Shuda Ahmed, commended ODI Global for leading the research underpinning the report.

She noted that without seamless and affordable cross-border payment systems, MSMEs across the continent would be unable to scale beyond their domestic markets.

The event was attended by officials of ODI Global, representatives of AfCFTA, the National Information Technology Development Agency (NITDA), National Identity Management Commission (NIMC), Nigerian Petroleum Development Company (NPDC), Federal Competition and Consumer Protection Commission (FCCPC), and MSMEs, among other key stakeholders.

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