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How Businesses, Govt Can Re-strategize After COVID-19 – Adedayo Amzat

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Adedayo Amzat, group managing director,  Zedcrest,  has advised corporate organizations to rethink their business model and adopt technologies that would keep the green-light on – should another pandemic of COVID-19 scale ever happen again.

In an Instagram Live Chat with Peter Oluka, editor of TechEconomy.ng  on the theme; “Implications of COVID-19 on Nigerian Economy: Way Forward for Businesses”, Amzat stated that the battle against COVID-19 is one that leaders today must win if we are to find an economically and socially viable path to the next normal.

According to him, “This is worse than the worst case scenario that businesses plan for”; noting that the last time the world experienced a pandemic like this was 1918 (the Spanish flu).

“No company or individual could have foreseen and made adequate preparations to mitigate the effects of the COVID-19 pandemic on economies and businesses.

“Businesses are shutting down in their numbers because this crisis is unprecedented.

“In order to stay alive, businesses will require a shift from a brick and mortar mind set to exploring digital channels to reach their consumers.

“What we have now are opportunistic winners. Digital business are taking over brick and mortar businesses”, he said.

He stated that very few insurance packages have pandemics in their contracts which unfortunately mean that many businesses will struggle after the pandemic.

The financial expert also urged the government restructure its finances and to give more support to agriculture, mining and other sectors that can create jobs to cushion the effect of the COVID-19 crisis on the Nigerian economy.

Adedayo Amzat, group managing director,  Zedcrest

“Before now, the government has been trying to move the economy from an export driven economy to a consumption driven one.

“There should be more local aggregate demand to drive the economy. Government has heavily invested in supporting the agricultural sector. With lessons that we have learnt during this COVID-19 crisis, it makes sense to deepen internal competences across different sectors.

“Agriculture has the capacity to employ a lot more people. Our first problem in Nigeria is unemployment, if we can develop our agriculture value chain, a lot more people will be employed.

“Almost 100 million Nigerians live in abject poverty, but remember, poverty isn’t just the lack of money, and it is also lack of access to information that can lift you out of that poverty.

“Agriculture can increase aggregate demand and we can generate more tax revenues, which can make our GDP more liquid.

“We have a GDP of $360 billion, but we don’t make up to $20 billion in tax revenue. We can make our GDP more liquid by ensuring that people get to work”, he explained.

Amzat opined that the government also needs to increase funding and encourage more research in the health sector.

“There was a video by Bill Gates that he did after the Ebola crisis, everything he said is happening right now.

“There is this theory that anything that can go bad will one day go bad. We have to have a plan for every possible situation. We need to create our health sector response and model it after the military.

“The military is funded even when there is no war, it’s like an insurance. Every year there is one health crisis or the other so why do we not have the same response for the military?

“What if HIV comes back what are we going to do? We have to have reserve health doctors that can be called upon for periods when there are health crisis that can overwhelm the health sector”, he urged.

The Zedcrest Group boss concluded that this is the best time to reduce the cost of governance by slashing the prodigious salaries and allowances of political officers; needless tours and other ostentatious expenses.

For now, Zedcrest Group has since activated its business continuity plan which amongst other elements includes work from home arrangement for staff.

The Group’s consumer finance outfit, Zedvance Finance Limited remains one of the lending firms that are still active at this time through their digital channels.


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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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Girls Slug it Out for N5m Prize in Glo Innov8 STEM Finale

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The race is down to three as the Glo Innov8 National STEM Competition for Girls approaches its grand finale. The competition, organized by the Glo Foundation, Globacom’s corporate social responsibility arm, will take place at the Mike Adenuga Centre (Alliance Française), Ikoyi, Lagos.

From over 200 schools that entered nationwide, 20 were initially shortlisted, and 10 went on to compete for a place in the finals. The three schools that made it to the last stage are Ephraim High School, Isolo Campus, Lagos; Regina Pacis International School, Onitsha, Anambra State; and Peakfield Academy, Jos, Plateau State.

Hundreds of students across several states, including Plateau, Kano, Lagos, Rivers, Edo, Borno, Kebbi, Nasarawa, Ondo, Oyo, Anambra, FCT, Delta, Kaduna, and Adamawa submitted entries after the Glo Foundation’s nationwide call for participation.

The initiative, designed as a STEM-driven challenge, was launched to mark this year’s International Day of the Girl Child — celebrating creativity, innovation, and inclusion among young women in science and technology.

According to the Glo Foundation, “The competition is aimed at inspiring young girls to Compete, Innovate, and Win — while strengthening their confidence and expanding their knowledge in STEM subjects.”

The winning school will take home ₦2,000,000 cash prize, with each of its two student representatives receiving a brand-new laptop and the Teacher/Mentor/STEM Coordinator earning ₦200,000. Runners-up will also receive valuable consolation prizes.

The three judges of the virtual stage expressed delight at the quality of presentations from the top 20 schools. Tosin Olabode praised the participants’ creativity, saying, “I was particularly impressed by the prototype presentations — some schools clearly did their homework.”

Another judge, Amina Gabriel, highlighted the diversity of ideas, noting, “The schools presented innovative solutions addressing issues in agriculture, security, waste management, and firefighting. The prototypes ranged from apps to robots, making the competition truly engaging. I’m grateful to Glo Foundation for giving me the chance to support young girls in STEM.”

On her part, Sharon Ibejih added that “this competition has showcased a highly competitive next generation of women leaders in STEM. It’s a brilliant platform to nurture problem-solving and innovative thinking among students.”

As the final stage approaches, anticipation is high for what promises to be a memorable showcase of brilliant young Nigerian girls and a testament to Globacom’s commitment to empowering the next generation of innovators.

 


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Tecom, Huawei to Champion Smart Connectivity and Digital Innovation in Abuja

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Tecom Concept Limited, Nigeria’s trusted technology partner and official Huawei Enterprise Solutions distributor, is set to host a groundbreaking event titled “Empowering Smart Connectivity & Innovation” in Abuja.

The event is scheduled for Wednesday, November 19, 2025, at the NAF Conference Centre, Plot 496, Ahmadu Bello Way, Gwarinpa Expressway, Kado, from 9:00 a.m. to 3:00 p.m is an high-profile engagement which seeks to showcase how innovative digital infrastructure and intelligent connectivity can transform business operations and enhance productivity in today’s fast-evolving digital landscape.

The event will bring together ICT professionals, enterprise leaders, policymakers, and industry experts to discuss how smart, scalable, and sustainable technology can drive Nigeria’s digital growth agenda.

At the heart of this initiative is Tecom’s partnership with Huawei, one of the world’s leading providers of ICT solutions. Together, both companies aim to empower Nigerian organizations with the tools and knowledge needed to modernize their operations and compete more effectively in a connected world. Participants will experience firsthand how Huawei’s enterprise solutions—ranging from next-generation network infrastructure and storage systems to intelligent collaboration technologies—are redefining the future of business connectivity and innovation.

According to Happiness Obioha, Managing Director of Tecom Concept Limited, this collaboration demonstrates Tecom’s commitment to bridging the technology gap and helping organizations harness the power of digital transformation. “Our goal is to create a platform where businesses and IT professionals can explore innovative technologies that make communication smarter, operations more efficient, and growth more sustainable,” she stated.

The event will feature expert-led sessions, product showcases, and interactive discussions designed to provide practical insights into how Huawei’s solutions can transform business environments. Attendees will also have the opportunity to engage directly with Huawei specialists, gain valuable knowledge, and explore tailored solutions for their unique organizational needs.

Tecom encourages all technology professionals, business leaders, and public sector representatives to participate in this transformative event and be part of the conversation shaping the future of smart connectivity and digital innovation in Nigeria.


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Group Opens Call for Session Proposals for the 2026 Digital Rights and Inclusion Forum

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Paradigm Initiative (PIN) has announced a call for session proposals for the 2026 edition of the Digital Rights and Inclusion Forum (DRIF26), scheduled to take place from April 14 to 16, 2026, in Abidjan, Côte d’Ivoire.

The forum, now in its 13th edition, offers a platform for stakeholders across the digital ecosystem—including policymakers, civil society, academia, media, and the private sector—to exchange ideas, showcase solutions, and drive progress in digital rights and inclusion.

The 2026 theme, “Building Inclusive and Resilient Digital Futures,” builds on the 2025 theme, “Promoting Digital Ubuntu in Approaches to Technology.”

DRIF26 will feature sub-themes such as digital security, trust and accountability, data protection, privacy and cybersecurity, artificial intelligence and emerging technologies, digital inclusion for marginalised groups, human rights and freedoms, and digital and internet governance.

PIN, a leading pan-African non-profit organisation, said the forum continues to foster cross-sector collaboration and amplify voices working to shape inclusive digital policies.

In 2025, DRIF was held in Lusaka, Zambia, with 1,399 registered attendees and 623 in-person participants from 65 countries. Previous editions were hosted in Accra, Ghana (2024), and Nairobi, Kenya (2023), with growing participation each year.

Since its inception in 2013, DRIF has evolved into a premier platform for dialogue on digital policy, rights, and inclusion, accommodating diverse perspectives from civil society, technology companies, government, and academia.


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