Telecom
GITEX 2022: AWS Hosts NITDA Boss, Nigerian Startups on Partnership Drive
As part of Nigeria’s engagement at the ongoing Gulf Information Technology Exhibition (GITEX) in Dubai, United Arab Emirate, Kashifu Inuwa, director general, National Information Technology Development Agency (NITDA), has urged Amazon Web Services (AWS) to come to Nigeria and take advantage of the country’s pool of tech talents in order to co-create products and services.
Inuwa who led the team of Nigerian Startups currently participating at GITEX Supernova Pitch Competition to AWS office in Dubai, implored the company to latch on Nigeria’s youthful population, and invest in the country’s Digital Economy.
The DG emphasised that there is need for tech big companies like AWS to leverage on Nigeria’s existing policies and regulations, and support the Startups to create local product and services.
“Nigeria is a big market, and we have one of the youngest populations in the world, and technology is about young people. You have all the opportunities to come and invest in Nigeria, we have the talent, and talent is one of our competitive edge, when it comes to technology and innovation, Nigeria can be the global super power,” Inuwa said.
He noted that some big techs feels threatened by government policies, while in reality, most of the government regulations are not stopping companies from dominating , rather, it is to create an enabling environment forl local players and startups to participate in ever expanding digital economy space.
“Our Startups cannot compete with AWS as a Service Provider platform, but you can create a platform for them to build their products and services,” the DG said.
He added that, “Technology is a product business. The hitch of today can quickly become memories of tomorrow.
Your company is as good as your next product, and your next product is as good as the people who made it.
“Innovation is Startup business, big organisations focus more on protecting their niche, while Startups are to disrupt; come up with new ideas, make things easier and democtratise services. With this kind of platform, it is easier for someone to build his product and take it to market.
“I think it is an opportunity for you also to see how can you leverage on platform like ours to build and expand your products and services. If you carry out an assessment you will discover that it is easier for you to engage our Startups than to build your own human infrastructure,” the DG stressed.
Inuwa also emphasized that no country will like to depend on another when it comes to providing digital solutions and services, every nation wants to be self-sufficient digitally. We therefore encourage big tech companies to come and invest locally, so that digital products and services can be built within the country.
“We know, there are controls on the use of data with respect to jurisdiction, litigation and other things; for instance you can only litigate what happens within your jurisdiction,” he added.
While looking forward for more areas of partnership and collaboration, Inuwa is optimistic that Nigerian Startups will benefit from AWS various programmes which are accessible to the startup at every stage of their journey
Inuwa’s engagement with AWS came hours after North Star Dubai announced that nine Nigerian Startups have reached the semi-final of Supernova Challenge Pitch Competition with up to $200,000 cash prizes for grabs for the winners of different categories.
The Nigerian Startups who are competing with their counterparts from Asia, Africa and Europe are: Identity Pass, 9JaCodeKids Academy, Floews, Medtech, Paddycover, Pricepally, LiveBic, Technyon Technologies, and Wellness Health Technologies.
Mark Birch, AWS Startup Advocate and author of Community-In-A-Box: How To Build Event-Driven Professional Communities, who made the presentation on behalf of AWS, took the Nigerian Startups through a journey on how to power their innovation and build a successful company.
Telecom
Meta Plans $10Bn Subsea Cable Project to Boost Connectivity
Meta, the parent company of Facebook, Instagram, and WhatsApp, reportedly plans to invest over $10 billion in a privately owned subsea cable network spanning more than 40,000 kilometers.
This ambitious project aims to enhance Meta’s control over its vast internet traffic, reduce dependence on telecommunications companies, and mitigate geopolitical risks.
The proposed route is expected to connect the U.S. East Coast to India via South Africa, and then from India to the U.S. West Coast through Australia, forming a “W” shape around the globe.
The initiative reflects Meta’s strategic move to secure its infrastructure amid growing geopolitical tensions and concerns about the vulnerability of undersea cable.
According to sources close to the company, the initiative, still in its early phases, would be Meta’s first fully owned and operated subsea cable.
This bold move underscores Meta’s focus on strengthening infrastructure to support its platforms, which generate 10% of fixed and 22% of mobile internet traffic globally, as first reported by TechCrunch.
Sunil Tagare, industry expert, who reported the plans in October, noted that the project’s initial budget of $2 billion will likely increase significantly.
“This is a monumental project in both investment and scale. The shortage of cable-laying ships and resources could lead Meta to build the cable in phases,” Tagare explained.
Although Meta has yet to publicly confirm the plans, an official announcement regarding the route, capacity, and objectives is anticipated in early 2025.
Logistical Hurdles: Meta faces difficulties securing the resources needed for a project of this scale. Cable-laying ships are in limited supply, with tech giants like Google already monopolising contracts with firms such as SubCom.
Tight Market Conditions: Ranulf Scarborough, a submarine cable industry analyst, highlighted the constraints. “The tight market for specialised resources means Meta may need to adopt a phased construction approach, potentially extending the timeline.”
Meta’s infrastructure initiatives are led by Santosh Janardhan, its head of global infrastructure. Reports suggest the project is being developed from its South African operations, indicating the growing significance of emerging markets in Meta’s strategy.
Traditionally dominated by telecom carriers, subsea cable construction has seen a shift as content-driven companies like Meta seek greater control over the infrastructure delivering their services.
If successful, this cable will strengthen Meta’s ability to handle data traffic independently, reduce reliance on shared networks, and unlock opportunities in underserved regions.
Telecom
UBA Partners NIBSS on NQR Payment Solution
United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of the NQR Industry Committee reinforcing the importance of cutting-edge Quick Response (QR) payment solution.
This is a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria.
This innovative collaboration is set to provide customers with a seamless, efficient, and secure payment experience, while also driving financial inclusion and deepening the country’s digital payments ecosystem.
The AGM underscored the shared vision of NIBSS, UBA, and all participating banks to leverage NQR in creating a more inclusive, efficient, and innovative payment system in Nigeria.
The landmark event brought together leaders and innovators in the Nigerian banking and payment ecosystem, reaffirming a collective commitment to advancing financial inclusion and digital payment solutions across the country.
In his welcome address, Mr. Shamsideen Fashola, group head of Retail and Digital Banking, UBA, emphasized the critical role of innovation, adoption, and collaboration within the banking and payment ecosystem in delivering sustainable value to stakeholders and customers.
He also reaffirmed UBA’s dedication to driving payment innovation.
As the event host, UBA underscored its strong commitment to advancing cutting-edge payment solutions that align with Nigeria’s push toward a digital economy.
According to a statement from the organizers, “This collaboration is set to unlock new opportunities for consumers, businesses, and financial institutions across Nigeria”
It further noted that through its leadership in hosting the AGM, UBA further solidified its position as a champion of transformative financial technologies designed to improve accessibility, security, and convenience for Nigerians.
The AGM featured thought-provoking panel discussions on critical areas of the NQR payment platform, including: Expanding Financial Inclusion; Developing strategies to make QR payments accessible to underserved communities; Improving User Experience; Creating frictionless payment journeys for both consumers and merchants; Driving Bespoke Solutions, leveraging NQR APIs to develop tailored solutions for specific market needs as well as encouraging collaboration among stakeholders to accelerate adoption and scalability.
The NIBSS Quick Response (NQR) payment platform is a revolutionary solution designed to transform how Nigerians pay for goods and services. NQR enables consumers to scan QR codes directly from their bank mobile applications for end-to-end transactions.
The platform caters to a broad range of use cases, including: Making payments fast and convenient for shoppers and merchants; Enabling digital payments for taxis, buses, and other transport services; Allowing users to pay utility bills, subscriptions, and more with a simple scan; Providing cost-effective payment options for SMEs to scale their operations.
During the NQR product launch earlier, the NIBSS highlighted some key benefits of the NQR payment solution.
It emphasised the product’s ability to simplify payment processes through a user-friendly scan-to-pay feature, reduce transaction costs for merchants to boost profitability, and ensure secure transactions by eliminating the need for physical cash or cards.
The NQR also provides merchants with instant value for transactions, improving cash flow and operational efficiency, while promoting access to digital payment solutions to advance financial inclusion.
The 2024 NQR AGM brought together key stakeholders, including the Chairman, Vice Chairman, and members of the Committee of e-Business Industry Heads (CeBIH), alongside senior executives, NQR Champions, and product managers from all participating banks. This gathering provided a valuable platform for dialogue and collaboration within the industry.
Telecom
Ikenna Ikechukwu Emerges Champion at MTN’s mPulse Spelling Bee
MTN Nigeria concludes the grand finale of its highly anticipated fifth edition of the mPulse Spelling Bee Competition on Saturday, November 30, at MTN Plaza Rooftop.
The event showcased the brilliance of Nigeria’s youth, bringing together 20 of the country’s top young spellers in a thrilling and inspiring contest.
The competition, which began in September with thousands of participants across Nigeria, reached its climax as Ikenna Ikechukwu, a student from Glorious Covenant School, Rivers State, emerged as the 2024 mPulse Spelling Bee Champion.
Ikenna Ikechukwu impressed the audience and judges by correctly spelling the winning word, “Cornucopia,” within six seconds to secure the grand prize of a ₦5 million scholarship, a laptop, a smartphone, and mPulse goody bag. Ikenna will also serve as the MTN CEO for a Day. “A special thanks to MTN for this amazing platform that helps students learn, play, and shine. This opportunity has been truly life-changing,” said Ikechukwu.
Speaking at the event, Obiageli Ugboma, Chief Risk and Compliance Officer, MTN Nigeria remarked, “This year, over 40,000 young spellers competed for the chance to stand here today. It is inspiring to see the incredible effort these 20 finalists have put in to make it this far. At MTN, we are deeply committed to education and nurturing young talents.
The mPulse Spelling Bee reflects our belief in empowering the next generation. Today isn’t just about winning; it’s about celebrating effort, resilience, and the role models these students have become for their peers.”
In addition to the individual prizes, the champion’s school, Glorious Covenant School, was awarded an ICT lab equipped with 10 laptops and MTN 5G routers, while the student’s teacher received ₦500,000 in cash.
The second and third-place winners, Ayomide Ibigbemi and Munachimso Opara, also received significant prizes, including scholarships, laptops, and smartphones, reinforcing MTN’s focus on rewarding excellence in education.
For the first time, the grand finale was streamed live on the mPulse website mpulse.mtn.ng, myMTN app, and on Event channels 198 and 49 on both DSTV and GOTV, allowing Nigerians nationwide to witness the brilliance of these young spellers.
The livestream attracted thousands of viewers, who cheered and celebrated the contestants from the comfort of their homes.
As the 2024 edition concludes, MTN reaffirms its dedication to promoting literacy and digital inclusivity through initiatives like the mPulse Spelling Bee.
The mPulse Spelling Bee has grown into a hallmark event for Nigerian primary and secondary students, creating a lasting impact on participants and their communities.
The stage is now set for future editions as MTN continues to bridge gaps in education through innovation and empowerment.
- E-Financial2 days ago
CBN Fines 29 Banks N15Bn for Violation of Money Laundering, Terrorism Financing Regulations
- News2 days ago
Electricity Subsidy Soars to ₦2.4 Trillion Despite Tariff Reforms
- Uncategorized2 days ago
Ina Alogwu Joins 9mobile as Chief Digital and Innovation Officer
- E-Financial2 days ago
DBN Bags Financial Inclusion Award for Dedication to MSMEs
- News2 days ago
NFIU Seeks Advanced Technology to Combat Financial Crimes in Nigeria
- Telecom2 days ago
SAIL and MTN Foundation Equip 4000 Teachers with Digital Learning Strategies
- Telecom2 days ago
Trendships: How Instagram is Redefining Social Communication
- Telecom2 days ago
AfriTECH 4.0: QNET’s Biram Fall Advocates for Financial Inclusion in Africa