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IBM Chief Urges Nigeria to Invest in Data Science against Infrastructure

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Dr. Uyi Stewart, a US-based Nigerian leading data scientist and Chief Data Scientist, IBM, has urged Nigeria to invest more in data science rather than infrastructure in order to achieve development.

He stated this at a workshop for Data Science entrepreneurs in Lagos, according to him, ‘We have a lot of challenges as a nation whether is in public sector, healthcare, agriculture, financial inclusion or education across every walk of life.

Even in Lagos, look at mobility, our ability to travel from one place to the other, we need to star to make smart decisions.

Farmer need to make smart decisions in other to farm better, worker need to make smart decisions in other to be able to reach at work on time. Even parents need to make smart decisions about their finances so that they do not just stay at the same level.

“Across all these dimensions that I have talked about, the key is really the ability to have the right data, run the right kind of insight of the data, generate the right kind of decision support and then let the humans make the decision. Even in government, government also needs to be supported in order to make the right kind of decision for the population and that can only come from data. We can’t formulate policy on emotions; we have to formulate policies based on data. So across every work or life data is valuable but the key is our ability to mine and analyse the data,” he said.
 
On the challenge of access data, he said that he key is the time to value. “Let’s take a scenario, I have data, I am company X and you come to me and you say ‘Give me your data’. I am going to ask you, what’s in it for me? I believe people are willing to share their data. But, innovation has to be two sides; it has to be business model and technology. We always go to them and say “Give me you data, I want to build this App” without laying on the table what’s in it for them. If you can show what business model underlying what you are doing and you can show value for the person you are asking data from, you will get the data.”
 
Stewart further explained that the issue of data credibility borders on data quality. “Actually they are two sides – data quality and data provenance. Provenance means when I get the data, it can percolate all the way and be consistent without somebody changing it. These are issues that machine learning thankfully allows us to address. Even if you say, “I don’t want to go into machine learning”, there is something that is called crowdsourcing which is also an approach to do data quality. It’s inexpensive. What that does is that it brings people together to validate an imprint in a democratic way. All of us cannot agree to lie. So, we need to focus on instruments either through technology or simple innovative ideas like crowdsourcing to ensure we have the right kind of data quality. It is central otherwise garbage in, garbage out.”


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E-Business

Nigeria inflation rate hits 34.19%

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Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as Nigerians battle with high living crisis.

According to the National Bureau of Statistics (NBS), released on Monday, the June figure is 0.24 per cent higher than the 33.95 per cent recorded in May. The lowest figure in 2024 was 29.90 per cent, recorded in January.

On a year-on-year basis, the headline inflation rate was 11.40 per cent points higher compared to the rate recorded in June 2023, which was 22.79 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in the month of June 2024 when compared to the same month in the preceding year (i.e. June 2023),” the NBS said.

NBS said on a month-on-month basis, the headline inflation rate in June 2024 was 2.31 per cent, which was 0.17 per cent higher than the rate recorded in May 2024 (2.14 per cent) meaning that in the month of June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024.

According to the NBS, the food inflation rate in June 2024 rose 40.87 per cent on a year-on-year basis, which was 15.62 per cent points higher compared to the rate recorded in June 2023 (25.25 per cent).


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Konga, CeraVe Ink MoU for Exclusive Launch of L’Oreal Product in Nigeria

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At long last, relief is here for the skincare enthusiasts in Nigeria! Konga Health, Nigeria’s premier digital healthcare distribution company, has sealed an exclusive partnership with CeraVe, a leading global skincare brand under the L’Oréal umbrella, to launch its product in the country. L’Oréal is the world leader in beauty: makeup, cosmetics, haircare and perfume in terms of quality, efficacy and safety.

Konga Health

Through Konga Health, a technology-driven healthcare solutions company focused on revolutionizing the healthcare value chain and a member of the Konga Group, this exclusive collaboration will debut with the renowned CeraVe line, offering unbeatable prices and free delivery to some locations Nationwide.

This enhanced partnership empowers Konga Health to onboard pharmacists, physicians, and other healthcare providers Nationwide to support the distribution of CeraVe’s product line. This initiative includes opportunities for recruitment, partnerships, and collaboration to ensure that high-quality skincare solutions are accessible to all nationwide.

This strategic alliance ensures that genuine CeraVe products reach Nigerian consumers swiftly and conveniently, leveraging Konga’s extensive e-commerce infrastructure. Concerns about counterfeit items that often plague the beauty and skincare market are now a thing of the past, as Konga becomes CeraVe’s official distributor in Nigeria.

CeraVe now boasts a dedicated official shop-in-shop (SIS) on Konga.com, serving as a one-stop destination for all authentic CeraVe products. Shoppers can directly access top-tier skincare solutions identical to those available globally.

Starting Monday, July 15th, CeraVe’s flagship products, such as the Cerave’s Hydrating Cleanser, Foaming Cleanser, SA Smoothing Cleanser, Fragrance-Free Moisturizer with 3 Essential Ceramides & Hyaluronic Acid, Barrier-Reinforcing Moisturizing Cream, Night Cream with Niacinamide, Exfoliating Salicylic Acid Foot Cream, Retinol Serum, Eye Repair Cream, Facial Moisturizers, Hyaluronic, and Vitamin C Serums, will be readily available on the Konga Health and Konga.com platforms, offering customers a seamless and convenient shopping experience.

Nnenna Emenyonu, Senior Vice President of Konga Health, expressed her excitement about the partnership, stating, “We are thrilled to partner with CeraVe, a brand synonymous with quality and scientific excellence in skincare. This collaboration allows our customers access to top-tier skincare products that are dermatologically tested and proven effective.”

Rabah Deroueche, LID LDB SSA and Business Development Director at L’Oreal, shared similar sentiments, noting, “Our partnership with Konga marks a significant milestone for CeraVe in Nigeria. By leveraging our commitment to quality skincare products and Konga’s platform, CeraVe can reach a wider audience and address the skincare needs of Nigerian consumers. This collaboration ensures Nigerian consumers can easily access our products and experience the benefits of our dermatologist-developed formulations.”

CeraVe has earned its stellar reputation globally through scientifically backed formulations. Developed in close collaboration with dermatologists, CeraVe products meet the highest standards of skincare and are celebrated for using essential ingredients that ensure optimal skin health.

The partnership between Konga and L’Oreal establishes Konga’s standing as a trusted e-commerce platform offering only high-quality products. As the official distributor of CeraVe, Konga is dedicated to maintaining the brand’s integrity by providing shoppers with authentic products that meet their skincare needs.


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TD Africa Partners CISCO on Tech-Skills Development in Africa

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In its continuous drive to bridge the widening skills gap in Africa’s technology sector, TD Africa, Africa’s largest technology distribution company, has partnered with Cisco on its month-long inaugural training program.

TD-CISCO

The program, the first of its kind in the TD Academy training series, was aimed at empowering young minds with technical skills and professional exposure.

The initiative, titled “Introduction to Cisco Networking Solutions and Workplace Professional Skills,” exemplifies TD Africa’s comprehensive and futuristic approach to technology education and professional development, empowering individuals and businesses to thrive in the digital age.

This innovative series of pooled training aims to equip the participants with the foundational knowledge of Cisco networking solutions, which is critical for building and managing robust IT infrastructure and workplace professional skills, recognizing the importance of soft skills in today’s dynamic work environment.

This combined focus on technical competence and professional development aligns with TD Africa’s robust approach towards impacting appropriate skills set into young people.

Cisco’s extensive portfolio for this first leg of TD Academy encompasses carefully curated programs in cybersecurity, data analysis, and Artificial Intelligence (AI) to address the most sought-after skills in the African technology market.

For Mrs. Chioma Ekeh, CEO of TD Africa, the company’s dedication to bridging the skills gap is not a one-off training program nor limited to knowledge transfer.

Her words: “We understand the critical need for a skilled workforce to propel Africa’s digital transformation. Through our collaborative training programs with industry leaders like Cisco, we are committed to equipping individuals with the right tools and knowledge to succeed in this exciting field.”

Amblessed Ubong, one of the beneficiaries of the training program, said, “I recently completed a four-week training at the TD Academy; it was enriching and transformative.

“The sessions were thought-provoking, the trainers were passionate, and the environment was highly supportive. Collaborative projects enhanced my teamwork skills and made learning enjoyable.

“I left the TD Academy with a wealth of knowledge and a renewed enthusiasm for my career.”

Impressed by the exceptional talent emerging from the program, Africa’s number one tech distribution company immediately recruited some of the top graduates who participated in the training program.

This commitment to recognizing and nurturing talent further strengthens the technology ecosystem in Africa, creating a pipeline of skilled professionals for the future.

By empowering individuals and businesses with the necessary skills and knowledge, TD Africa is further stamping its foot in the sand of time, playing a pivotal role in Africa’s digital renaissance.


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