Connect with us

Telecom

How Tech, Innovation Boost Digital Economies, by Ojobo

Published

on

Kindly share this post

Technological innovation is the bedrock of digital economies. They are powered by the science of growth, hence they stand the test of time.

This was the submission of Mr. Tony Ojobo, director Public Affairs, Nigerian Communications Commission (NCC).

Ojobo spoke at the General Meeting of the Nigeria Computer Society (NCS), Abuja branch at the weekend. He told listeners that technology sets the pace for human civilization, boosts development and creates wealth for those who adopt it.

According to him, investments in technology and innovations is the reason why the top four most capitalized companies in the world are where they are. They include Microsoft, apple, Google and Facebook.

Ojobo rolled out statistics to justify his presentation.

Narrowing it down to Nigeria, Ojobo said telephone Subscription stood at 154.5 Million as at December 2016 while teledensity is now 110.38%.

Internet Subscription is 92 Million as at December 2016, while Broadband Penetration is 21 Per cent as estimated by ITU/UNESCO Broadband Commission.

Broadband Target by 2018 as estimated in the National Broadband Plan is 30%. Africa has an internet penetration of 28.7% of 3.7billion global internet users.

Nigeria is at about 48% penetration and about 92 million internet users. Facebook users stand at 16 million and Facebook is now worth over $348 billion.

It overtook Exxon Mobil as the 4th most Capitalized Company in the world.

There has been a forecast that by 2020, 20.8 billion devices will be connected and collating data. Digital technology is promoting astonishing interaction among citizens and between citizens and the State. More political debates are enabled thereby boosting the expression of civil liberties.

Politicians increasingly deploy social media to reach their constituents. Only recently the Lagos State Government launched a portal to enhance interaction between it and the citizens.

On the application of digital technology to expansion of democracy, the Arab Spring, particularly the events at Tahrir Square in Egypt readily comes to bear. The Nigerian elections of 2015 gave an insight to what technology can do.

The Referendum in the UK to decide the country’s fate in the EU and the recently concluded American Presidential elections were all shaped by the use of social media networks enabled by the Internet.
 
Ojobo explained how digital economy and opportunities for business and economic growth come about. He said the internet has accounted for over 10% GDP over a period of 15 years in the G8 countries (China, Brazil, India, Sweden and South Korea) according to Mckinsey global institute.

Practically all brands Coca-Cola, Toyota, Cadbury, Exxon Mobil, Adidas, Amazon, Jumia, Konga retail stores are online. Human brands too…presidents, politicians, footballers, other sport icons etc. Jumia, Konga etc. conduct online sales in millions.

Black Friday sales turnover in 2015 conducted by online stores in Nigeria was in excess 600 million naira. The availability of ATMs, POS and other online communication platforms have redefined modern life.

Ojobo listed how the digital Economy has aided the detection of ‘ghost workers’ in the civil service which had drained public funds for years.

This was made possible by ICTs adding that because of ICTs, there is hardly any banking transaction that has taken place in Nigeria in the last 15 years that cannot be tracked.

This enabled detection of illicit funds and transparency in the public sector. These have been a check at least on some people’s tendencies for graft and other financial crimes.

The introduction of technology in banking and e- commerce has put to a very large extent control over financial crimes. For instance, the introduction of the Bank Verification Number (BVN) has made banking a lot easier.

 

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

Telecom

Telcos Record N27Bn Loss from Damaged Fibre Cables

Published

on

Kindly share this post

Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg.

Telcos Record N27Bn Loss from Damaged Fibre Cables

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show.

On Feb. 28, a cut in its network in three different locations by a road construction firm, an oil serving company, and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than N11bn —enough to build 870 kilometers of new fiber lines in areas without coverage.

Broadband fibre optic cables form the backbone of modern communication infrastructure, enabling the high-speed data transmission that underpins a wide range of personal, business, and societal activities.

On several occasions, the Nigerian Communications Commission (NCC), the industry regulator, has acknowledged this challenge and expressed willingness to work on measures to address it.

These measures include stricter regulations to deter vandalism and improved collaboration between telcos and government agencies responsible for construction activities.

According to the NCC, the telecom sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5 per cent in the third quarter of last year.


Kindly share this post
Continue Reading

Telecom

NCAIR Relaunch: Pantami, Tijani Fight for Credit

Published

on

Kindly share this post

Isa Pantami, former minister of Communications and Digital Economy, has voiced his discontent over the relaunch of the National Centre for Artificial Intelligence and Robotics (NCAIR) by Bosun Tijani, his successor.

Isa Pantami, former minister of Communications and Digital Economy,

Tijani announced the revitalization of NCAIR, highlighting enhancements in its capacity and partnerships with global tech firm Cisco.

However, Pantami took to social media to assert that NCAIR was already established during his tenure in November 2020, dubbing it “the first of its kind in Africa” and emphasizing its effectiveness in training numerous Nigerians.

Tijani responded by detailing the new initiatives accompanying the relaunch, including increased computing infrastructure, dedicated research labs, and remote connectivity for AI hubs across the country. He also unveiled outcomes from the Ministry’s National AI Workshop, such as the country’s first Multilingual Large Language Model and partnerships aimed at accelerating AI development projects of national significance.

The exchange between Pantami and Tijani underscores ongoing efforts to advance AI research and application in Nigeria while navigating questions of continuity and leadership transition within the Ministry.

 


Kindly share this post
Continue Reading

Telecom

ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy

Published

on

Kindly share this post

This year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on the role of artificial intelligence in a digital economy with the theme: “Artificial Intelligence (AI): The Good, The Complex and The Anticipated”.

The lecture which will herald Africa’s Beacon of ICT Merit and Leadership Awards hold on May 25, 2024 at Four Points by Sheraton.

The sixteenth edition of the award ceremony according Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek the organizers of the event, “is a special edition to recognize and celebrate organizations and individuals in the ICT industry that have been distinguished in delivery innovative services in the sector.

“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this especial edition”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.

“However, unlike traditional machines, which replaced the use of human and animal labor for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.

“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he said.

The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.

The lecture series however is reserved for distinguished achievers in the ICT sector.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; among others.


Kindly share this post
Continue Reading

Trending