News
Ezekwesili Harps on Technology as Africa’s Lasting Solution to Problems

Oby Ezekwesili, Public Policy Analyst and Senior Economic Advisor, has said that technology is the solution to problems facing Nigeria and Africa as she called for investment in infrastructure that would aid emergence of digital services in rural communities.

Ezekwesili divulged this at the weekly GageLive Instagram platform organised by Gage Awards on the theme, “Using Technology to Shape the Nigeria of The Future,” recently.
“What the digital world can offer citizens is limited. This is because it is mostly within the urban city. Beyond the urban city, the grade of the physical infrastructure – the digital infrastructure, the backbone is still not at the level of solidity, strength, performance and efficiency as should happen.”
Continuing, the BBOG co-founder noted: “Even today, when you and I are in this kind of a programme, we are not optimised because the quality of our connection is still fragile – very poor.”
She warned, however, that until Nigeria, Africa invest in the digital infrastructure that would facilitate their interconnection and their reach, “We will not be able to say that we are at a place of efficiency”.
According to the analyst, in terms of speed – a function of productivity, as long as technology and digital format are not giving us the level of speed that is a global approach of internet speed, then we are way below it.
Her words: “From the last number I checked, we were significantly more than 80 per cent below global speed in terms of internet. That is something to deal with.”
While responding to questions on the live programme, Ezekwesili highlighted that a lot of citizens were still in rural communities. And the rural environment does not make market scale for the private sector to offer digital service.
She proffered: “When there is a market failure, it is the government that must step in. So, rural infrastructure should support the kind of backbone that we need in order to provide digital content to the rural community.”
Noting that the rural communities are abode other than urban poor, she expressed that the real poverty is within the rural communities of Africa.
“We need to invest massively in the kind of infrastructure that would support the emergence of digital services in the rural communities of the continent.”
Again, she stressed on digital platforms that carry the content of what one wants to convey. “Look at digital platform for commerce, example, they are still in novelty on our continent. Now that we see what COVID-19 can do, hopefully what is going to happen is that we are going to realise that a lot of our lives will depend online”.
She, therefore, urged Africans to build – whether they are at macro or micro level platforms that enable us to convey messages and the things that are not so to print, adding that that would help enormously to expand the scope.
Sadly, she bemoaned the poor level of digital financial inclusion. “Digital financial services is something that is lacking. In the time of orthodox banking, it was difficult for banks to establish their branches all over the country.
“Even when they were mandated, many times they would set a goal for how many branches that needed to be set up. But the banks were always underperforming.
Speaking further, she added that in the same way, now that “We are going digital and trying to use technology to create financial inclusion, we still have barriers to that”
The economist, however, described one of the key barriers; forms of identification, as the major problem of Africa. “And technology is the solution to that problem of identity”.
For her, the unique identity that enables a person to become at par with the digital financial services is something that Africa would need to invest in. “And we have not yet invested in it as much as we should”.
She decried another sad part. “There is a vast body of public policy that is very necessary. Public policy is at the heart of showing readiness to migrate from one level of understanding of issues of development to a higher level of things”.
“Our public policy is trailing technology. It is way behind the curve of the rapid expansion of technology. So, you have a situation where people who are technophobes are the ones making policies around issues of technology.
To upgrade to a global standard, Ezekwesili advised: “We are going to have a problem. They don’t see how important it is to be in a hurry. We must be in a hurry. Our policies and laws have to reflect that”.
Not forgetting the many laudable series GAGE Awards has put up for the Nigerian youths, Ezekwesili commended the CEO of Gage Awards, Mr. Johnson Anorh.
GAGE Awards is an internet award conceptualised to reward excellence in digital application and online presence. It’s weekly InstagramLive show is part of the GAGE Awards plans of using its platform to shine the light on those who have used the digital space ingeniously.
In the words of the CEO, “These people who have used the digital space ingeniously share their story and get to inspire those looking to do great things on that space.”
“We have GageLive on Instagram once every week. But since the lockdown we have been having it more frequently to get to inspire those at home to do great things, since we now have time on our hands,” Anorh noted.
News
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira

National Reading Culture (NRC), an online investment platform targeting Nigerians has collapsed, resulting in the loss of billions of Naira for investors.

The website unexpectedly shut down, blocking users from withdrawing their funds and locking in their investments.
Just like all other investment scams, victims were lured with promises of doubling their money in few weeks.
When National Reading Culture eventually crashed, the operators vanished with users’ funds, leaving investors devastated.
How the Platform WorkedTask-Based Earning:
According findings, National Reading Culture lured users with promises of making money by completing simple daily tasks like reading articles, clicking links, or inviting friends.
They also offered investment tiers to earn higher daily profits, where users had to deposit their own money into the platform.
Evidence showed the website previously operated as a Chinese job search platform before rebranding into an “earning” scheme.
News
NSITF Partners South African Insurer on Digital Transformation

The Nigeria Social Insurance Trust Fund (NSITF) has signed a memorandum of understanding (MoU) with Rand Mutual Assurance (RMA) to collaborate on digital transformation aimed at strengthening worker protection systems and support economic growth.

According to RMA, the agreement was concluded during a visit by its delegation to Abuja.
The partnership will focus on institutional capability development, modernising operating models, improving service delivery and sharing knowledge between the two organisations.
Through the partnership, RMA and NSITF will collaborate to strengthen institutional capability, modernise operating models, accelerate digital transformation and improve services for workers and employers.
The organisations will also explore opportunities for knowledge exchange and the adoption of best practices in social security administration.
RMA said the agreement forms part of its broader engagement with governments, regulators and social security institutions across Africa to support improvements in governance, operational resilience and service delivery.
“Our partnership with NSITF reflects much more than the signing of an agreement,” said Mandla Shezi, group chief executive officer of RMA. “This partnership is not simply about sharing knowledge. It is about co-creating the next generation of African social security systems.”
He added: “By combining our respective strengths, we can help build institutions that are more resilient, more responsive and better equipped to protect workers while supporting national development.”
Shezi said the future of social security depends on integrated systems where prevention, insurance, healthcare, rehabilitation, technology, investment management and institutional capability work together.
News
Microsoft to Lay Off 4,800 Workers

Microsoft has announced plans to cut about 4,800 jobs, representing roughly 2.1 percent of its global workforce, with Xbox, its gaming division, expected to bear the largest share of the layoffs.

The company said more than 1,600 positions at Xbox would be eliminated immediately, while another 1,600 jobs would be phased out over the next year as part of a major restructuring of the gaming business.
In a memo to employees, Amy Coleman, executive vice president, Microsoft, said the company was streamlining its operations to focus on areas that deliver greater value to customers in a rapidly changing technology industry.
Asha Sharma, chief executive officer, Xbox, described the move as “the most significant restructure in Xbox history,” saying the changes are intended to position the gaming business for long-term growth rather than downsizing.
E-Financial2 days agoTokenization, Blockchain Technology will Transform Financial Institutions – IMF
General News2 days agoNIS Deploys Advanced Surveillance Masts, other Critical Infrastructure to Boost Border Security
Broadcasting2 days agoObi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark
E-Business2 days agoWeebly Websites to Shut Down for Nigeria, 66 Other Countries from September
General News1 day agoIHS Nigeria, FCT-HSES Concludes Clean Cooking Energy Campaign “Project Breathe Clean Air” in Abuja
Telecom2 days agoNo Plans for Fresh Tariff Hike – MTN
E-Financial2 days agoFG Denies N8 Trillion ‘Shadow Budget’, Says IMF Quoted out of Context
News2 days agoWorld Bank Sounds Alarm: Low Revenue, Not Debt, Is Nigeria’s Biggest Fiscal Threat

















