E-Business
How Nigeria can Turn Almajiris to Digital Millionaires – Ekeh, Zinox Boss
Leo Stan Ekeh, serial digital entrepreneur and chairman of Zinox Group said that Nigeria can turn the poor, nomadic children popularly called Almajiri into millionaires, employers of labour or even employable citizens if a digital solution is applied to address their peculiar plight.
Leo Stan Ekeh
Ekeh, who delivered an impassioned and workable solutions to the age-long Almajiri issue which government appears yet to find a fitting solution to, spoke as one of the panellists at the Africa Independent Television (AIT) Virtual Town Hall Forum with the theme: The Economic Implications of the New Normal Post-Covid-19 – Anticipated Revolution in Digital Economy, Business Re-Engineering, Government, Trade and Effects on Global Economic Recovery.
Speaking on the impact of COVID-19, Ekeh said one of the major classes of Nigerians negatively affected by the pandemic were the Almajiri who have been tossed from state to state like articles of trade nobody wanted to buy.
A 2014 UNICEF report estimated that there are 9.5 million Almajiri children in Nigeria, which accounted for 72 per cent of the nation’s out-of-school children.
Nigeria is estimated to currently harbour between 13.2 million and 15 million out-of-school children, most of them in the North.
However, Ekeh held that with a digital approach, the potential in these Almajiri that nobody wanted to have anything to do with, can be converted to treasures of gold in the vastly growing digital economy because they are young, brilliant with huge doses of energy.
‘‘I had the privilege of engaging with some of them in Lagos and Abuja. They sound like glorious messengers and have enhanced psychology of begging which, if retrained, could make them best sales persons of the second quarter of this century. We must not abandon them.
“Among these Almajiris, there are smart people whom we can turn to coders (software Application developers) if they are fast tracked under conducive environment with quality welfare program that influences them psychologically to anticipate a wealthy future.
‘‘They are Nigerians on the street and they feel the power of wealth around them but are handicapped because of their circumstances and place of birth. We cannot abandon them.
“The world needs about one million coders yearly and through coding, they can become millionaires and employers of labour. They don’t need to go to the university or secondary school.
‘‘All they need is a special finishing school for about six years where they would be turned to nerds and that will mark the end of poverty in their lives and in their families,” Ekeh said.
‘‘The nation and their states must provide for them, else they shall provide for themselves to survive like others, and it could negatively impact on the society from generation to generation. If we can turn waste to productive use why not human beings created by God?’’
Ekeh, who likened the COVID-19 pandemic to a war, affirmed that the best way to win a war is to anticipate it, stressing that in life, “you must be prepared to win a war before the war begins.”
He emphasised that Nigeria was not prepared for the COVID-19 war, hence the seemingly difficult struggle to deal with it.
Further, he explained that the sudden rush for e-learning in the country was what he had anticipated 15 years ago but added that the Nigerian government did not buy the proposal to make e-learning a life style among the people, noting that COVID-19 has validated his assertion that without digital technology as a way of life and doing business, a nation cannot be truly independent or sovereign in the 21st century.
He warned that companies and organisations including those in the public sector that failed to take advantage of COVID-19 realities to scale up their technologies as necessary tools in the workplace will either suffer huge loss or go into extinction.
“Post COVID-19, a lot will change; a lot of companies will die. We are witnessing huge disruption with digital solutions which have taken the form of technologies worth millions of naira invested to provide teleconferencing as we used to know it. Today, it’s Zoom. That’s disruption and such incidents will continue to define mankind.”
The Zinox boss, who is credited with pioneering a series of innovative firsts in the Nigerian technology sector, insisted that Nigeria must see opportunities inherent in the post COVID-19 economy and take advantage of them.
“I see infinite possibilities and opportunities arising from the COVID-19 pandemic. One of such was that, instead of importing face masks from China or anywhere, the government ought to have deliberately engaged Nigerians tailors, put them in school halls, give them electricity.
“They already have their machines. By the time we create such clusters in different states, we would have locally produced face masks that would serve 200 million people and that would translate to millions of naira for the tailors and indirectly for the government.
“The same tailors can transit to making school uniforms, under wears, ties, bed sheets and pillow cases, designer dresses etc., after the pandemic rather than having some schools import their uniforms from Asia and Europe,” he said.
Ekeh,a global advisor to renowned technology giants, Microsoft and the first to pioneer e-commerce in Africa when he launched BuyRight Africa.com, regretted that the Federal Government lost an opportunity to help grow e-commerce when it failed to initially clearly delineate e-commerce workers as persons on essential duty and e-commerce as essential service during the lockdown.
He cited the example of Amazon which, through the support of the United States government went a long way in helping Americans observe social distancing and keeping many employed even during the lockdown.
The serial digital entrepreneur added that e-commerce is a very cost-intensive venture, noting that e-commerce companies in Nigeria such as Konga are bearing huge losses in view of the complicated and exorbitant applications which drive the business and their status as heavy employers of labour.
Nevertheless, Ekeh insists that despite the lost opportunity, e-commerce remains the future of Nigeria and Africa in terms of jobs and wealth creation.
The only difference between the success recorded here and in other climes, he disclosed, was the institutional support received by players in the sector.
SOPHiA GENETICS, a cloud-native software company in the healthcare space and a leader in data-driven medicine, has announced that Nigeria-based Syndicate Bio has signed on to implement MSK-ACCESS® powered with SOPHiA DDM™.
Syndicate Bio is the first lab in Africa to adopt the MSK-ACCESS® assay via the SOPHiA DDM™ Platform, and the first company to make comprehensive genomic profiling and liquid biopsy widely available to patients throughout the entire continent.
The implementation of this new technology will further existing work from SOPHiA GENETICS, Memorial Sloan Kettering Cancer Center (MSK), and Syndicate Bio to advance health equity on a global scale.
There are roughly 1 million new cancer patients each year in Africa and currently, comprehensive genomic profiling and liquid biopsy testing options are not widely available.
This means that patients are forced to forego this testing or travel out of continent for these testing options. Syndicate Bio’s implementation of this new offering will provide cutting-edge liquid biopsy testing to many of these patients and will help progress the company’s goal of advancing genomics and precision medicine in an area of the world that has been historically underserved in these areas.
“Partnering with SOPHiA Genetics to bring MSK-ACCESS® powered with SOPHiA DDM™ to our lab is a monumental step in accelerating the cancer treatment and research landscape across Africa, beginning in Nigeria. Next-generation sequencing technologies in oncology and liquid biopsy, which this collaboration enables, hold the potential for creating a leapfrogging opportunity in the oncology treatment and research landscape in Africa,” said Abasi Ene-Obong, PhD., Founder, Syndicate Bio.
“Through this collaboration, we aim to enable the widespread application of precision medicine in oncology across Africa, and thus contributing to the improvement of patient outcomes across the African continent.
“We believe our scientific expertise, combined with AI-enabled technologies and data-driven solutions enabled by SOPHiA GENETICS, presents a unique opportunity to fundamentally transform the journey of cancer patients through non-invasive cancer analysis, predictive genetic testing, and effective precision medicine.”
Syndicate Bio is driving genomics and precision medicine initiatives across the world’s most diverse regions through large-scale partnerships with governments, industry, and other stakeholders. Through its work, Syndicate Bio is making local impact while accelerating drug discovery and development.
By focusing on Africa, Syndicate Bio is poised to make a significant impact, starting with Nigeria, by introducing its pioneering clinical oncology offerings in an underserved region.
Through this endeavor, Syndicate Bio aims to improve cancer diagnosis and treatment for African patients. This initiative not only facilitates local next-generation sequencing (NGS) testing and liquid biopsy testing but also extends access to clinical trial participation, empowering patients and healthcare providers alike.
MSK-ACCESS® powered with SOPHiA DDM™ is a decentralized version of a highly validated ctDNA test developed by MSK that involves the deep sequencing of 146 key cancer-associated genes, and will augment Syndicate Bio’s tumor profiling capabilities, allowing them to utilize a small blood sample to generate a comprehensive report in an efficient and expedited time frame.
The use of liquid biopsy is less invasive than traditional biopsy, and can help simplify patient monitoring, whilst driving the uptake of precision medicine.
The offering combines the sophisticated analytics, state-of-the-art algorithms, and decentralized, cloud-based offerings of the SOPHiA DDM™ Platform, with the scientific and clinical expertise of MSK in cancer genomics to provide a best-in-class liquid biopsy solution.
“In our mission to democratize data-driven medicine, our decentralized global network and unique set of partnerships enable us to help reach underserved populations, just as those that are served by Syndicate Bio,” said Philippe Menu, MD, PhD., Chief Medical Officer, SOPHiA GENETICS.
“By implementing this solution, Syndicate Bio will make a measurable impact throughout Africa, while also helping to generate an unparalleled and comprehensive dataset and provide invaluable insights and knowledge to shape the future of global healthcare.”
In late 2023, SOPHiA GENETICS and MSK announced they are working in partnership with AstraZeneca to bring the world-class MSK-ACCESS® powered with SOPHiA DDM™ testing solution to countries and regions around the globe, including underserved areas where access to testing remains scarce.
Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency (NITDA), has reaffirmed the importance of collaboration in advancing Nigeria’s digital transformation agenda.
L-R: Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency, with Brig. Gen., Abdulrahman Idris, team lead of the Senior Executive Course 46 2024, National Institute for Policy and Strategic Studies, Kuru, Jos during a strategic tour visit to the agency headquarters in Abuja.
Abdullahi disclosed this during a strategic engagement with participants of the 2024 Senior Executive Course 46 from the National Institute for Policy and Strategic Studies (NIPSS), a delegation led by Brigadier General Abdulrahman Idris.
Abdullahi emphasised that no organisation can achieve its goals in isolation, stressing the need for collaborative efforts to harness ideas, experiences and insights for national development. He highlighted the potential of collaboration between NITDA and NIPSS to leverage technology and digital innovation for driving economic growth, creating job opportunities and attracting foreign direct investment (FDI).
“At NITDA, we have re-imagined our social contract with Nigerians, focusing on improving service delivery and fostering the swift growth of the ICT sector,” said Abdullahi. He emphasised the agency’s commitment to serving Nigerians and outlined the strategic direction outlined in NITDA’s Strategic Roadmap and Action Plan (SRAP 2024-2027) 2.0. The SRAP is structured around eight pillars aimed at fostering digital literacy, building a robust technology research ecosystem, strengthening policy implementation, promoting inclusive access to digital infrastructure, enhancing cybersecurity, nurturing innovation and entrepreneurship, forging partnerships and cultivating a vibrant organisational culture.
The brigadier-general provided insights into NIPSS’s role as Nigeria’s foremost policy think-tank, tasked with developing top-class technocrats to drive national development initiatives. He highlighted NIPSS’s contributions to policy formulation and implementation over the years, emphasising the institution’s mandate to address issues of national interest, particularly in the digital economy sector.
The collaboration between NITDA and NIPSS underscores the importance of synergistic efforts in harnessing technology and innovation for national development. By leveraging each other’s expertise and resources, both organisations aim to drive economic growth, foster job creation, and position Nigeria as a leading player in the global digital economy.
Through strategic partnerships and collaborative initiatives, NITDA and NIPSS are poised to chart a path towards sustainable development, leveraging digital innovation as a catalyst for socioeconomic transformation and inclusive growth.
Ivorypay, a blockchain-based payment and remittance firm, has teamed with Tether, the stablecoin pioneer, to improve crypto-based transactions across Africa.
Tether is the business that developed the stablecoin, USDT, and with this agreement, it will mint and issue USDT straight to IvoryPay.
According to the partners, this agreement would provide more dependable and economical digital transaction choices to businesses and consumers across Africa.
Ivorypay will leverage Tether’s widespread acceptance to provide a buffer against the typically unpredictable nature of crypto-currencies, increasing user confidence in using digital currencies for daily transactions as well as cross-border transfers.
“Partnering with Tether is a strategic move that aligns perfectly with our vision of simplifying and securing crypto transactions across Africa,” said Oluwatobi Ajayi, CEO, IvoryPay.
He added: “It gives us easy access to the liquidity we need to cater to more businesses and individuals across the continent and to do that cheaper and faster than anybody else, which we believe will significantly enhance user trust and increase adoption rates across our platforms.”
“This strategic partnership between Ivorypay and Tether represents a transformative step for digital transactions across Africa,” said Aly Madhavji, managing partner of Blockchain Founders Fund.
“By incorporating USDT into their payment systems, IvoryPay aims to increase financial inclusion and streamline cross-border remittances, establishing a new standard for stability and efficiency in the region’s financial services We are thrilled to assist Ivorypay as they endeavour to create new opportunities for businesses and consumers across Africa.”
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