Connect with us

Telecom

COVID 19: NITDA DG Tasks ICT Startups on Disruptive Technologies

Published

on

Kindly share this post

Mallam KashifuInuwa Abdullahi, director general, National Information Technology Development Agency (NITDA), has tasked Nigerian Startups to prepare for more innovative ideas while the world is fighting Coronavirus pandemic which is ravaging the economy.

 

The DG made this call on Thursday while addressing participants via Video Conferencing during a ‘Virtual Demo Day: COVID-19 Innovation Challenge’ organised by Venture Platform Hub.

 

According to the DG, COVID 19 is going to change the entire technology and economic activities in the world, and industries around the globe will be disrupted with many innovations.

 

He said COVID-19 has made a significant impact on digital technology and there is need for Nigerian StartUps to be on alert because the change is inevitable.

 

“Things are not going to be the same after the pandemic. The world economic order is going to change.

 

“A lot of industries are going to be disrupted. Startups should be ready to embrace the inevitable change,” he said.

 

The DG opined that, “as at January this year, the global market valuation of unicorns is more than $2trillion.

 

“I said unicorns, means a privately owned company worth one billion U.S. dollars or more. Once a company has gone public (IPO) or has been acquired, it is no longer termed as a Unicorn. I believe you can grow your startups to become a unicorn.

 

“You can grow your startup to become a unicorn within short period by following the playbook successful startups had followed.

 

“It is a 3 simple rules; firstly, they begin with a plan to disrupt an existing industry; secondly, they inject capital to grow as rapidly as possible and; thirdly they tolerate high risk in a rush to conquer and dominate market segment.

 

“As Africans, our young and digitally native population is a competitive advantage. In addition, our market is still untapped.

 

“There are 615 unicorns in the world, 43% is in the USA (265), 33% in China (204) only 3 unicorns are in Africa; two in South Africa and one in Nigeria”.

 

He further stated that Health and pharmaceuticals sector is the number 7th in global unicorn market valuation. It’s worth around $99.11 billion, and COVID-19 is going to widen the market share, and it’s an opportunity for startups to create and capture value from the pandemic.

 

He said, “Nigeria’s startup landscape has been slowly coming of age with innovative and entrepreneurial ideas. As the startup numbers flourished over the last few years, so does the need for bigger investors and venture capitalists.”

 

He also urged the Startups to turn the COVID-19 frustration into delight by coming up with innovative ideas that can create value for them and Nigeria in general, as well partner with Federal Government and Ministry of Communications and Digital Economy under the leadership of Dr Isa Ali (Pantami) who is levelling the playing field for startups to thrive.


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.

Continue Reading
Comments

Telecom

FG Declares Telecommunications Facilities Critical Infrastructure

Published

on

Kindly share this post

Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy, has directed Mobile Network Operators (MNOs) to submit a comprehensive list of their facility locations all over the country as federal government approves security for telecommunications infrastructure to protect them from vandalism and theft.

FG Declares Telecommunications Facilities Critical Infrastructure

Pantami, in a statement, Tuesday said, the Nigerian telecommunications industry depends on a number of infrastructure that play a critical role in the smooth delivery of telecoms services.

“These are part of Critical National Infrastructure (CNI) because of the important role they play, in ensuring security and in the delivery of other essential services.

“The ongoing Covid-19 pandemic has led to a massive migration to digital platforms and has increased the level of importance of Critical National Infrastructure to the sustenance of our economy and the security of the nation.

“President Muhammadu Buhari, has approved and also directed that necessary physical protective measures be emplaced to safeguard telecommunications infrastructure deployed across the country,” he stated.

The minister noted that this will address the challenge of vandalism of Critical National Infrastructure.  It will also go a long way in supporting the implementation of the National Broadband Plan (2020-2025). He thanked president Buhari, for the timely approval.

The statement signed by Uwa Suleiman, his spokesperson, stated that, the Office of the National Security Adviser (ONSA), Defence Headquarters (DHQ), Nigeria Police Force (NPF), Department of State Security Services (DSS) and the Nigeria Security and Civil Defence Corps (NSCDC) have been notified of Mr President’s directive.

“We are also working towards the reinforcement of these directives through appropriate regulatory instruments,” he said.

The minister commends the security institutions for their commitment so far.

He stated that implementation of the National Broadband Plan (NBP) and the implementation of the National Digital Economy Policy and Strategy unveiled by the President have repositioned the ICT sector.


Kindly share this post
Continue Reading

Telecom

Pantami Puts TCT’s Contribution to Nigeria’s GDP @ 14.07%

Published

on

Kindly share this post

Dr. Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy, has stated that the Informa­tion and Communications Technology (ICT) has contributed unprecedented 14.07 percent to the nation’s Gross Do­mestic Product (GDP).

Pantami Puts TCT’s Contribution to Nigeria’s GDP @ 14.07%

Dr Isa Pantami 

Dr. Femi Adeluyi, technical assistant, Information Technology to the minister of Communications and Dig­ital Economy, in a statement said the minister was delighted to hear of the growth of ICT’s contribution to Nigeria’s GDP in the first quarter (Q1) of 2020.

According to him, the National Bu­reau of Statistics (NBS) releases Nige­ria’s GDP report for Q1 2020 on May 25.

“The report observed that the coun­try’s GDP grew by 1.87 percent year-on-year in real terms in Q1 2020.

“The non-oil sector contributed 90.50 percent to the nation’s GDP in Q1 2020 as opposed to the 9.50 percent contrib­uted to total real GDP by the oil sector.

“It is noteworthy that the ICT sec­tor contributed 14.07 percent to the total real GDP in Q1 2020, higher than its contribution a year earlier, which was 13.32 percent and in the preceding quarter, in which it accounted for 13.12 percent.

“This contribution is unprecedented,” he said.

Pantami said that the growing con­tribution of the ICT sector to the GDP was a direct result of the focused and committed effort of the Federal Gov­ernment.

He said the Federal Government’s strategic policy direction included the inclusion of Digital Economy in the mandate of the Ministry, unveil­ing and implementation of National Digital Economy Policy and Strategy as well as National Broadband Plan, among others.


Kindly share this post
Continue Reading

Telecom

9mobile Announces Alan Sinfield as New CEO

Published

on

Kindly share this post

Telecoms company, 9mobile, has announced the appointment of seasoned telecoms expert, Alan Sinfield as the substantive Chief Executive Officer of the company.

He brings a wealth of global operational expertise having held leadership roles at numerous mobile, fixed-line and broadband data operators as well as retail, media, and wholesale distribution businesses across emerging markets in Asia, Africa, the Middle East, and Europe.

Sinfield succeeds Stephane Beuvelet, who held the position in an acting capacity when the new board took over the company’s management in November 2018.

Sinfield has been a Chief Executive Officer since 2006. He brings extensive international and operational experience from wireless telecom, fintech, and banking sectors to his new role at 9mobile.

His global experience covers countries as diverse as the United Kingdom, Germany, Portugal, Slovakia, Iraq, Qatar, Myanmar, South Korea, Cambodia and Hong Kong. He was previously the Chief Executive Officer at Amara Communications Co. (ananda), a 4G LTE mobile broadband operator in Myanmar, and before this, he was the Chief Executive Officer of Cadcomms (qb), in Cambodia.

Other earlier roles included being CEO at Ooredoo (Starlink), a subsidiary of the listed Qatari Telecommunications Group, operating in Qatar and regionally, and also as Chief Information Officer and Chief Customer Services Officer at Orascom Telecom (IraQna), a subsidiary of the listed Egyptian Telecommunications Group, operating the first mobile network in Baghdad and surrounding territories providing voice and nascent data and satellite services.

Sinfield began his career in the Banking sector at Bank of America, where he was fast-tracked through a Management Trainee programme, later becoming a Programmer and Business Analyst where his desire to work overseas allowed him to close out the IT systems at Bank of America in Frankfurt, Germany.

Afterwards, Sinfield joined Barclays Bank in South Africa and spent three years there as a Technical Manager. He also worked for various other Banks in Portugal, Slovakia, and Hong Kong before his first foray into the telecom industry in Korea with SK Telecom, which led to an M&A role with the merger of SK Telecom & Shinsaegi Telecom.

Commenting on the appointment, Chairman of 9mobile, HRH, Alhaji Nasir Bayero, said, “Alan’s wealth of experience of building high performance and high-growth organizations will play a pivotal role in strengthening 9mobile’s market position in the highly competitive telecommunications industry.

“He brings with him the vision, passion and years of experience from diverse environments, which will consolidate our priorities to provide superior customer experience and sustained network quality.

“He is expected to work closely with the Board of Directors and all stakeholders to define credible and achievable long-term business plans, through the introduction of solutions to address the evolving needs of the Nigerian telecommunication market.”

Also commenting, Sinfield said, “The Nigerian telecoms industry is characterized by strong competition, but it is also an industry that is important to people everywhere.

Nigeria is rich in diversity and boasts of energetic, resilient, friendly and hardworking people. I am delighted to join the 9mobile family and I look forward to using my experience and unique value propositions to lead the company in the next exciting phase of its journey.

“The goal is to build on the existing strong foundation of the company to create value that will transform the Nigerian telecoms sector. I also look forward to embracing the people, the culture and the unique knowledge that Nigeria has to offer.”


Kindly share this post
Continue Reading

Trending