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Digital Economy A Catalyst For Nigeria’s Development- Dr. Woherem

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Dr. Evans Woherem, a foremost banker and renowned IT guru, has lauded the Minister of Communications & Digital Economy, Dr. Isa Ali Pantami, and the Federal Government, for upgrading the former Federal Ministry of Communications to that of Communications & Digital Economy.

 

Dr. Woherem said he was particularly delighted by the upgrade because he had for long advocated the need for the country to constitute a committee that would come up with a new policy and strategy aimed at creating a roadmap on how to turn the country into a digital economy, describing the Minister’s action as poignant and proactive.

 

“Take for instance as I have been pointing out lately. South Africa has a Ministry of Information Technology. To me, that’s so marvelous for a country to be so far-reaching in its thinking of the future, realizing the importance of information technology.

 

“The fact that it’s a catalyst for development, for energizing other parts of government or activities in an economy, to the point of creating a ministry that will run the affairs of the information technology in the country, made me applaud the South African Government.

 

“And again, the United Arab Emirates has something similar, and indeed, more exciting. UAE has a Ministry of Artificial Intelligence; to me, that’s something that speaks volumes. In addition to that, they also have a Ministry of Possibilities.

 

“It means that they are really preparing for the Fourth Industrial Revolution and beyond; they are really preparing for the new century.

 

“They really want to do something that nobody had thought ever before. They really want to experiment, push boundaries and use technology to go where no nation had been before,” Woherem stated.

 

Dr. Woherem, a former Executive Director at First Bank Plc and Unity Bank of Nigeria noted that he had always pointed out the need for Nigeria to do the right kind of thing as a nation, have the audacity to reach out to be the best, and to do things that are almost miraculous.

 

“By the creativity of Nigerians as individuals, by her population, and by what our youths are doing today, we need to do something that is audacious.

 

“We are just simply destined to do something great in leading Africa. Unfortunately, our leaders do not think long term; they rather think short term that has to do with themselves than pan-Nigeria.

 

“I am very glad that even in our own country, a minister is thinking along this direction to the extent of adding to the Ministry of Communications, Digital Economy. With the new ministry, we are no longer going to have the Communication Ministry as we used to know it.

 

“What we’ve done now with the new ministry crosses what South Africa and the UAE had done. It is a good thing to the point that it’s something that is needed.

 

“Simply, information technology is the major catalyst for development. Even by itself, it began to make significant contributions to the GDP. We are told that about 13.8% of the GDP is as a result of ICT contributions. That to me is herculean and portends a lot of good for the country. It means that the next 10 to 20 years, it will begin to reach about 30% or so.”

 

Dr. Woherem advised that information technology should be taken seriously because it is going to positively affect all the sectors of the economy, all the activities of government and even her citizens, adding that currently Nigeria and indeed Africa are still at the lower end of the spectrum of information technology.

 

“We are just at the foundation stages. It does not however, mean that it is like that in all the sectors of the economy. For instance, the banking sector might be at the beginning of the operational level, same as the Agricultural sector.

 

“Our various sectors of the economy are at various stages of development whereas all of them are supposed to be at the operational level going to strategic levels of use of information technology,” he said.

 

The Digital Africa Global Consult Group boss warned that as a country, Nigeria should not just be technology usersbut should participate in developing technology applications that are going to drive the 21st and 22nd centuries.

 

“I have always lamented about the fact that Africa is sitting idly by and letting the train of technology development pass-by. Just like we did in the first, second and third industrial revolutions, it always baffles me that we are not taking it more seriously.

 

“Somebody once said there is a culture of technology; every technology has a culture associated with it. Sometime, you are creating a technology without knowing you are creating a culture too.

 

“That being the case, why should Africa allow somebody else be solely responsible on how we are going to live in the future without our own input? So, I have always felt that Africa should be part and parcel of those developing global technology.

 

“Digital economy is therefore, a good thing for us as a country because it can definitely help us to not only have ICT but will add more and more to our GDP. It is also going to develop and advance each of the industries and sectors of our economy as a nation by creating a lot more employments.”

 

Dr. Woherem said that though kudos should be given to government for coming up with the decision to upgrade to a digital economy, he insisted that there are certain things that must be done to ensure a total paradigm shift to digital economy.

 

“We need to come up with a set of policies and strategies through which things can be evolved. To an extent, government has come up with something to that effect, and it is kudos to government.

 

“However, I would have wanted a set of Nigerians, representing certain key parts of the economy led with a representation of certain people that are truly experts in these areas that would come up with that set of policies and strategies for developing a digital economy.

 

“And that committee shouldn’t be an Ad hoc or one-off committee. They should be there to also oversee things and be called upon from time to time to deliberate and also make recommendations with regard to the digital economy. This should be taken serious.

 

“There is an organization within the European Union where all Champions for IT in different countries in Europe come together to deliberate on the future of Europe especiallyon matters of technology.

 

“What does that show? It means they are taking the issue of technology seriously over there. Yet, Europe is way ahead of Africa in the adoption of technology tools. If Europe that is way ahead of us in technology is taking it this serious, that means we have to be more serious. This also means there are certain things we have to put in place.”

 

He said that whatever Nigeria is doing with regard to digital economy is the country’s own attempt to catch up, adding that what heis expecting to see is that as a result of this subtle focus and emphasis on digital economy, that Nigeria will start thinking a lot more seriously with regards to what kind of economy she is building and the instruments to deploy to bring about developments in the various sectors of her economy.

 

“To actualize the digital economy of our dream as a nation, government should also build tech hubs, parks and experience centres through which people can now begin to practice these exponential technologies. Government should also encourage the private sector to be involved. We need a lot of that here in Nigeria, at least one in major cities of the country,” Woherem said.

 

 

 


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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

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ALTON, ATCON Urge FG to Address Telecoms Industry Challenges

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The Association of Licensed Telecom Operators of Nigeria (ALTON) and The Association of Telecommunication Companies of Nigeria (ATCON), representing Mobile Network Operators and telecommunication companies in Nigeria, are calling upon the government to take decisive action in addressing the numerous challenges confronting the telecommunications industry.

In a statement jointly signed by Engr. Gbenga Adebayo, chairman of ALTON and Engr. Tony Izuagbe Emoekpere, ATCON President, the associations underscored the urgent need for collaborative efforts between the public and private sectors to overcome obstacles hindering the sector’s growth and development.

Infrastructure Deficits: ALTON & ATCON members still lack access to essential telecommunication services due to a myriad of challenges, including multiple taxation and regulations and prohibitive Right of Way (RoW) charges, inadequate electric power supply and vandalism of telecommunications infrastructure.

 Protection of Assets and Network Infrastructure: Advocating for legislation that

designates telecommunications infrastructure as Critical National Infrastructure (“CNI”): Both Associations expressed deep concern over the escalating security threats facing telecommunications infrastructure in Nigeria.

Telecommunications infrastructure undisputedly plays a pivotal role in Nigeria’s national security and socioeconomic growth, especially as the country currently contends with multiple security challenges that require urgent and immediate actions in response to these threats.

Attacks on cell towers, fibre optic cables, and other critical assets disrupt telecommunications services and result in significant financial losses for operators.

The associations urge the government to prioritize the security of telecommunications infrastructure and collaborate with law enforcement agencies to enhance protection measures and combat vandalism and sabotage effectively.

Cost-Reflective Tariff of Services: ALTON and ATCON respectfully reiterate that telecommunications infrastructure development requires substantial investments in network expansion, maintenance, and technology upgrades.

Despite the adverse economic headwinds, the telecommunications industry remains the only industry yet to review its general service pricing framework upward in the last (11) years, primarily due to regulatory constraints.

For a fully liberalized and deregulated sector, the current price control mechanism, which is not aligned with economic realities, threatens the industry’s sustainability and can erode investors’ confidence.

ATCON and ALTON call upon the government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability.

Regulatory Independence: ALTON & ATCON advocates for the sustenance of a culture of independence in the regulatory landscape to safeguard against undue influence and unwholesome incursion into the Nigerian Communications Commission’s (NCC) or (Commission) domain, which will inspire trust in the telecommunications sector and encourage investment.

Regulatory neutrality and independence are crucial to ensuring a thriving telecommunications sector. Statutory provisions lend credence to this notion, as a lack of an impartial regulator will lead to a failure to maintain public confidence in the objectivity and independence of its decisions.

ALTON and ATCON reaffirms its commitment to working collaboratively with the government to address the challenges facing the telecommunications industry in Nigeria.

By fostering a conducive regulatory environment, prioritizing infrastructure development, enhancing security measures, and facilitating pricing adjustments, the government can unlock the full potential of Nigeria’s telecommunications sector, driving economic growth and societal development.

 


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Qualcomm Shortlists Startups for Qualcomm Make in Africa 2024 and Awards 2023 Wireless Reach Social Impact Fund

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Qualcomm Incorporated today announced the shortlisted startups for Qualcomm Make in Africa 2024, as well as the winner of the 2023 Wireless Reach Social Impact Fund.

The Qualcomm Africa Innovation Platform, now in its second year, aims to work with and support the development of Africa’s emerging technology ecosystem by providing mentorship, education, and training programs with a focus on 5G, Edge-AI/ML, Compute, and IoT. This year, Qualcomm received an overwhelming response, with approximately 250 applications from 30 countries.

Highlights: 

  • Startup cohort announced for 2024 Qualcomm Make in Africa startup incubation program featuring technologies.
  • Announcement of the awardee of the 2023 Wireless Reach Social Impact Fund, supporting startups in scaling their societal and market impact.
  • Development of L2Pro Africa website content nears completion, providing free online training on intellectual property protection.

As the first initiative of its kind in Africa, Qualcomm Make in Africa is an equity-free mentorship program that identifies promising early-stage startups keen on applying advanced connectivity and processing technologies such as 5G, Edge-AI/ML, Compute, and IoT to innovative end-to-end systems solutions, including hardware.

These startups have demonstrated exceptional potential in applying advanced connectivity and processing technologies to innovative end-to-end systems solutions.

The selected startups will receive free mentorship, business coaching, access to engineering consultation for product development, and guidance on protecting intellectual property. The 2024 cohort includes the following startups (listed in alphabetical order):

  • Aurora Health from Kenya provides AI-based cardiovascular health care tools
  • CropScan from Kenya uses solar-powered smart farming IoT devices
  • Cure Bionics from Tunisia makes smart 3D printed prosthetic arms
  • DevisionX from Egypt provides AI-based low-code computer vision tools
  • Kalio from Cameroon is building AI tools for Agricultural IoT
  • Kitovu from Nigeria provides tools and software for smart agricultural warehouse management
  • NextAI Studios from Kenya builds AI-based emotion detection into toys for children’s mental healthcare
  • RIM Nextgen from Kenya, uses smart tools for monitoring propane consumption
  • Sparcx from South Africa uses AI for enhancing radar signal processing
  • Vizmerald from Tunisia, is working on AI-based textile industry inspection

Qualcomm is also proud to announce the awardee of the 2023 Wireless Reach Social Impact Fund. This fund, provided by Qualcomm through its Qualcomm® Wireless Reach™ Initiative, aims to support startups in scaling their societal and market impact.

Ecorich Solutions Limited, a female-founded organization based in Nairobi, Kenya, will be awarded funding to help scale the impact of their smart organic food composter.

Wireless Reach funding will support Ecorich to address the dual challenge of organic waste management and the need for sustainable agricultural practices, with the goal of reducing environmental pollution, improving crop yields for farmers, and mitigating waste-related health risks for communities.

The other nine startups from the 2023 cohort will also receive valuable stipends to continue fueling their growth. These startups have showcased innovative uses of wireless technology to address pressing needs in their communities.

In addition, Qualcomm is excited to highlight the progress of the L2Pro Africa IP e-learning Platform, a free online training program designed to empower startups, SMEs, and researchers in Africa to protect, secure, and maximize their innovations. This program has been created in collaboration with Adams and Adams, Africa’s leading intellectual property (IP) law firm.

The education content has been updated with individual filing procedures for patents, industrial designs, and trademarks in the countries of Kenya, Nigeria, Uganda, Ghana, Rwanda and within the two African patent organizations, ARIPO and OAPI.

These step-by-step descriptions of per-country filing requirements empower inventors to interact effectively with IP professionals such as an IP attorney and their respective IP offices.

“I am thrilled with the overwhelming response to the Africa Innovation Platform this year,” said Alex Rogers, President, QTL & Global Affairs, Qualcomm Incorporated.

“The quality and diversity of the applications received reflect the immense talent and potential within Africa’s technology ecosystem.

“We are excited to work with the shortlisted startups and provide them with the necessary resources and support to drive innovation and create a positive impact in their communities.”

“We applaud Qualcomm for launching the second year of its Innovate in Africa Platform, which not only equips the upcoming generation of African entrepreneurs with expertise in pivotal areas like AI/ML, healthcare, agri-tech, smart cities, and communications but also empowers them to safeguard their intellectual property through the complimentary L2ProAfrica program.”, said John Omo, secretary general, African Telecommunications Union (ATU).

Mr. Omo also emphasized that the ATU remains steadfast in its commitment to fostering innovation and entrepreneurship across the continent. “Our youth innovation program, among other initiatives, plays a crucial role in cultivating the talents and aspirations of Africa’s young visionaries,” he affirmed. “We are ready to collaborate with additional partners to realize this objective.”


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Mastercard and CEBIH join forces to bolster cybersecurity in Nigeria

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Mastercard, in collaboration with the Committee of E-Banking Industry Heads for Nigeria (CeBIH), recently hosted the second edition of its annual Fraud Forum in Lagos, Nigeria. Building on the success of the inaugural edition in 2023, this year’s forum convened key industry players ranging from financial institutions, payment service banks, and fintech companies, to discuss critical issues such as threats and vulnerability, intel-sharing, and best practices in combating industry risks.

The cybersecurity event, attended by key public and private sector actors, also covered the regional threat landscape based on Mastercard’s strategic threat intelligence data. This timely intervention is crucial in a region where cyberattacks remain prevalent, especially amidst Nigeria’s rapid economic expansion and widespread adoption of digital financial services.

Recent data from the Financial Institutions Training Centre (FITC) revealed a staggering 276% increase in fraud-related losses within Nigeria’s deposit banks, underscoring the need for continuous vigilance and proactive cybersecurity strategies within the financial sector. In response to the escalating threats amid Nigeria’s bourgeoning financial landscape, key government bodies have called for enhanced collaboration within the payment systems’ ecosystem to curtail the rise in E-Fraud in the country.

“We are excited to continue the Fraud Forum in Nigeria,” said Kari Tukur, Vice President, Customer and Solutions Center, West & East Africa, Mastercard. “With cyberattacks posing serious challenges within the Nigerian financial ecosystem, we take pride in establishing a platform where key stakeholders can convene, network, and exchange best practices to safeguard against potential vulnerabilities. Mastercard remains committed to creating unique and essential solutions to help business owners protect themselves and their customers against vulnerabilities, and this platform provides us with an opportunity to drive knowledge regarding these solutions as we aim to elevate cybersecurity standards and ensure the resilience of the Nigerian financial ecosystem.”

The forum delved into various aspects of cybersecurity, including common attack methods used by cyber criminals, their motivations, the assets they target, and the best practices to safeguard against attacks. Attendees gained valuable insights into the regional cyber threat landscape, with a focus on the financial services sector, which has become a prime target for cybercriminals in recent years. It also presented an avenue for Mastercard to showcase its latest fraud prevention techniques and tools, including the Mastercard Decision Intelligence, a real-time authorization decisioning solution that empowers issuers to approve more genuine transactions while effectively managing risk.

“We are delighted to partner with Mastercard on another edition of the Mastercard Fraud Forum in Nigeria. This event continues to serve as a pivotal platform for industry leaders, stakeholders, and experts to convene and address the evolving landscape of fraud and cybersecurity challenges, especially in a period marked by increased sophistication. With this year’s edition, we continue to deepen our commitment to fostering collaboration and implementing effective strategies to combat fraud and safeguard the integrity of the financial ecosystem.” Temitope Onibaniyi, Secretary, Emerging Payments of CeBIH, representing Celestina Appeal, the CeBIH Chairman, added.

The forum aligns with Mastercard’s goal of providing clarity to the complex cybersecurity landscape, in a bid to foster an ecosystem where digital transactions are built on trust. As part of its commitment to combating fraud, Mastercard also announced that it will be sponsoring the CeBIH Quarterly Sessions for the second consecutive year, bringing together industry experts to discuss the latest trends in fraud prevention and share best practices for protecting customers.

 

 


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