E-Business
CWG, EDC Thinker on SMEs Development
Computer Warehouse Group Plc (CWG) has concluded plans to collaborate with the Enterprise Development Centre (EDC) of the Pan Atlantic University to afford Small and Medium scale Enterprises (SMEs) access to business enabling solutions.
This follows a visit by a delegation of EDC led by Mr. Peter Bamkole, director, to the corporate headquarters of CWG in Lagos.
Bamkole said in a statement on CWG’s website, “We are considering integrating OPENSHOPEN and SMERP for now into our certificate in entrepreneurial management training. With this, entrepreneurs can begin to experience the viability of technology as a solution for their business efficiency, right from the classroom.
He expressed his satisfaction with the capacity of the CWG 2.0 products to sufficiently provide the leverage SMEs require to improve their business output. According to him, “our aim at EDC is to de-risk the SME sector, so as to increase SMES access to funding.”
“Your solution will help entrepreneurs change their business model from costly asset acquisition to services utilisation on a subscription basis, thus making it easier and affordable”, he added.
The CWG 2.0 products feature a range of SMEs focused and Cloud based IT solutions.
They include SMERP, which is designed to address the challenge of accounting and inventory management, and financial record keeping; a requirement for accessing loans.
The Diamond Yello Account (DYA) allows individuals open a bank account using the mobile phones, without having to visit the bank.
POSapp is a Point Of Sale (POS) system that allows merchants receive payments, sell services and offers the unique functionality of keeping sales inventory.
While, Openshopen is an eCommerce platform that aims at giving business owners the exposure they need to sell beyond their vicinity and guarantee increased sales and expansion.
On his part, Mr. Austin Okere, founder and chief executive officer, CWG Plc, appraised the initiative by EDC to avail entrepreneurs with technology.
According to him, “The SMEs space boasts of a number of key players with quite distinct roles, in their bid to promote the growth of the sector. However, we believe that these players need to work together seamlessly. Such synergy will ensure that rather than experience arithmetic progression, we will together have quantum leaps of success. This underscores our willingness to collaborate with the EDC to provide the support that SMEs need to succeed. If each SME grows their business to the extent that they can add one additional employee, that will generate an additional 17m jobs, given the total number of SMEs in Nigeria. This is much more than any single large employer can provide”.
“The impact of the program on the success of the SME’s businesses is however, dependent upon the commitment of the entrepreneurs themselves. It is not that CWG and EDC are going to do something magical for them to grow. Rather, CWG and EDC are helping them to do something magical for themselves”, he concluded.
On his part, Mr. James Agada, CTO of CWG reiterated the commitment of the company to continue to develop a robust franchisee model with all institutions involved with SME development to expand the accessibility of her technology service platforms solution to the larger entrepreneurial segment and thereby championing inclusive growth and job creation.
The collaboration with EDC adds to the list of CWG’s strategic partnership with SMEs focused institutions, including the recently signed Memorandum of Understanding (MOU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) that aims at providing ICT technology platform for MSMEs on a subscription based model.
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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.
According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.
AI code assistants provide for more capabilities than only code development and completion, notes the research firm.
According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.
Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.
“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”
Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.
Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.
NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.
“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.
KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD
- The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
- The single GMPC has multiple use cases:…
— NIMC (@nimc_ng) April 12, 2024
It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.
“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.
NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.
NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme
Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.
“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.
“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.
“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.
“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.
“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.
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