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Knowledge Based Economy is Key Solution to Recession- Adegboye

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Ayo Adegboye, Managing Director at Business Connexion Nigeria/West Africa
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Ayo Adegboye, PhD, is the new Managing Director at Business Connexion Nigeria/West Africa.

A Fellow of Institute of Information Management Africa, seasoned professional with combined sixteen years wealth of first-hand experience that cut across both Public and Private Sectors in Telecoms, IT, Consumer Electronics and Marketing.

Adegboye is an alumni of famous Computer Warehouse Group (CWG) Sales Team; the pioneer Business Manager at Galaxy Backbone; under the Presidency also lead a change management at MTN Nigeria with BT Consultants before he proceeded to IBM, Samsung Electronics, South Korea and Schneider Electric West &East Africa as the Vice President, ITB for the region where he was responsible for Overseeing APC by Schneider Electric Go To Market Strategy, IT business and Operation across the region which include P&L.

Adegboye spoke to selected ICT journalists; peter oluka was there for Nigeria CommunicationsWeek. Excerpts.

Business Connexion
BCX is a 35-year old company with about 7000 staff strength. It is the foremost IT system integrator with operations in Europe, Middle East and Africa. Until recently, BCX was acquired by the biggest telecoms Company in Africa which is Telkom South Africa.
Today, we pride ourselves in providing customer solutions in the areas of specialize services, IT services, system integration and we partner with the best club of original equipment manufacturers (OEMs) such as Cisco, IBM, Microsoft, HP, Oracle, Dell, Schneider Electrics; just to name few.
Business Connexion is also one company that is in the forefront of internet of things. It is obvious that IT transverses all aspects of human life today.
Therefore, we are business enablers. Also, we are that company that has been able to offer one-in-all-solution to offices, including large, medium and small businesses. In many organizations today you still see a lot of architectural work, networking provided by BCX.

Plans to Lead BCX (Nigeria’s) Vision
I am excited about working for BCX with combined sixteen years working experience. As the leader of the new BCX drives in Nigeria, one principal vision for us is to come up with value differentiation programme.
We are not going to channel our efforts on the competition; rather our drives are geared towards superior customer satisfaction.
Hopefully, when the customers are happy, our competitors will come behind. We intend to remain the trusted advisers to our customers; offering them consultancies as well.
Going beyond that, we understand the terrain/environment in Nigeria today. We are lining up blue ocean strategy that will keep us distinct from others.

Recession: Need for Knowledge-Based Economy
Talking about what government should be doing to harness ICT potentials in pushing the country’s economy forward; well, those challenges have be there for years.
Considering the situation we have found ourselves, government needs to come up with strong policies that will create enabling environment.
However, in as much as government is diversifying to other sectors; it must take into cognizance that diversification to knowledge-based economy is key now. When you talk about knowledge based economy, it is about exporting knowledge.
A typical example of knowledge-based economy is India. There are a lot of software from India used across the world. They rake in billions of dollars yearly. Thus, the Nigerian government needs to channel its interest around IT.
In addition, encourage local content. BCX has taken an initiative by appointing a Nigerian to lead its business in the country. This is the kind of initiative that should be encouraged among other multinationals.
Most importantly, ICT policies should encourage local talents to building exportable knowledge so that in few years from now we can leverage that aspect of our resources.
The way policies around ICT are written, the government needs to encourage private-public partnership. Gone are the days’ policies are drafted without inputs from the private/technocrats.

Specific Policy Areas Government Must Consider
No doubt, government has done a lot in enacting policies surrounding IT Governance; I give the officials all deserved credit.
But there are still more areas to be covered like encouraging training. Today, processes around getting forex for ICT companies are not as smooth as should. How do you encourage foreign direct investment with such restrictions.
NITAD, NOTAP, NCC and other are doing very well, however, there are certain areas that shouldn’t be left unattended. I must reemphasis that private/technocrats should be involved in drafting policies that concern this sector. That will be a significant step in the right directions.

Plans for Customers in Present Economic Realities
Still on the recession, Business Connexion is truly African; we are not naïve of the environment we operate in. Recession is something we know that denies you some privileges. So, BCX has taken a lead by mulling initiatives on how to help the customers.
We realized that it is a tough business environment; hence we are ready to help customers save capex, and building resilient business.
We are in the business of taking away the burden of capex by building infrastructure/services so they can pay over time. That way it becomes win-win for all parties.
And because we understand the challenges companies are facing today, our models are designed to empower businesses. Power, for instance, has been a perennial issue in Nigeria. Therefore, the cloud infrastructure was designed around taking care of that gap.

IoT as Evolution Strategy
Yes, I did mention in the beginning that we are pushing the internet of things (IoTs) drive in this ecosystem.
It is still part of our evolution strategies. When I mention customers, they cut across enterprises: large and small.
We are making huge investments on cloud technology. What that translates to is that a typical SME does not need to invest a lot in infrastructure, software or hardware.
Again, it is our business model to take everything to the cloud. In a layman’s term, when you take a business to the cloud, there is going to be economy of scale. So, we are undertaking a pre-investment on behalf of several SMEs.
To a large extent, we are here to support SMEs and large enterprises; providing solutions for them to manage their operations more efficiently. There are several segments of SMEs that we want to cover; so we are doing a survey that will help us understand them more for better services and products.

IoT, Cloud Computing and Skill Sets
I will start with the internet adoption. The talk about millennia started around 1996. From my experience as then public sector officer with Galaxy backbone, when the usage of technology was introduced in offices there was slow adoption.
But as government has taken up the challenge, today, we talk about e-governance, so, the civil servants are adapting to it. Likewise, in IoT and Cloud computing, there are going to be processes of adoption.
Once that is done it becomes seamless. An average person with a phone knows how to send message via Facebook. You are not trained on how to use Facebook; IoT will become a way of life.
That does not mean we are creating enabling environment for SMEs to leverage IoT or cloud, we want them to access the suites or several applications with ease.

Set Targets for BCX
I actually have my priorities for short, medium and long terms. One of the things I want to be remembered for is actually to bring Business Connexion to top position among IT companies in West Africa.
Again, I will lead the journey into the cloud for BCX, because that is the new phase of business. I want to have a proper handshake with both private and public sectors.
I have had the opportunity to work as a public servant, so brining these experiences together will enable me lead the course, especially in driving SMEs going into the cloud. BCX will unveil a lot of cutting-edge technologies.
I have mentioned that we investing millions of dollars on cloud technologies in the country and you will soon see the impact in this environment.

  


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Kano Confirms 2 Mpox Cases

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Kano State Centre for Disease Control (KNCDC) has confirmed two cases of Mpox, formerly known as monkeypox- an infectious viral disease caused by the monkeypox virus, which belongs to the Orthopoxvirus genus.

Kano Confirms 2 Mpox Cases

KNCDC however said that both patients affected have fully recovered and discharged from medical facility.

Prof. Muhammad Adamu Abbas, director general of KNCDC, disclosed this during a media parley on Monday, revealing that the cases were recorded in Kano Municipal local government area and Ungogo local government areas, respectively.

“We have handled both cases successfully. The patients have been treated and discharged home,” Prof. Abbas stated, adding that all traced contacts, however, tested negative for the disease.

He explained that the confirmation comes following an advisory from the National Center for Disease Control and Prevention (NCDC), urging heightened vigilance against potential disease outbreaks, including COVID-19, viral hemorrhagic fevers like Ebola, Lassa fever, Marburg, and Mpox.

Prof. Abbas emphasised Kano’s vulnerability as Nigeria’s commercial hub, noting the constant influx and outflow of people. “Even though we don’t have international borders, we border states that do have international boundaries with neighbouring countries, making vigilance highly necessary,” he explained.

“The KNCDC conducted comprehensive contact tracing for the Ungogo case, testing samples from the patient’s community and two hospitals he visited.

“All contacts were monitored for the maximum allowable follow-up period and remained negative,” he stated.

The Director General stressed the critical role of public enlightenment in preventing infectious disease spread, calling on media organisations to amplify health communication efforts across communities.

“The media has been our friend even before the establishment of this center. With the signing of the bill creating the Kano State Center for Disease Control, we believe our first major engagement should be with media members,” Prof. Abass said.

He urged residents to remain alert while assuring that the state’s disease surveillance and response systems were fully operational and at alert to handle any potential outbreaks or emerging threats in the State.


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LBS Described Digital Transformation in Banking, Others as Fueling Nigeria’s Economic Evolution

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The Lagos Business School (LBS) has described digital transformation in banking, finance, and taxation as “an interconnected force” fuelling Nigeria’s economic evolution. The Dean, Lagos Business School, Professor Olayinka David-West, stated this at the 35th annual conference of the Finance Correspondents Association of Nigeria (FICAN) held over the weekend in Lagos under the theme, “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance.”

The conference saw industry stakeholders, including the Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and leading banks converging to share insights and shape the country’s digital economy roadmap.

David-West, who was represented by Prof. Akintola Owolabi, Department of Cost and Management Accounting at LBS, emphasised the need for Nigeria to embark on a transformative digital journey that can redefine its economy and significantly improve the quality of life for its citizens.

She said: “Seamless digital payment systems underpin efficient tax collection; widening financial inclusion expands the taxable base; and transaction data powers evidence-based policy and enforcement.”

David-West also noted that the country’s e-commerce market is expected to exceed $16 billion by 2030, supported by pioneering platforms like Jumia and Konga.

She affirmed that the strategic vision at LBS aligns closely with advancing digital transformation and promoting financial inclusion, aiming to develop the leaders needed to navigate and drive this emerging landscape.

The LBS Dean said: “Nigeria’s digital economy is undergoing remarkable growth, energised by a young and dynamic population alongside rapid digital adoption. According to the Nigerian Communications Commission’s 2024 report, internet penetration has reached 43.5 per cent, with over 163 million Nigerians online as of March 2024.

The telecommunications sector contributes around 18 to 20 per cent to Nigeria’s GDP, highlighting the vital role of information and communication technology (ICT) as a driving force in the economy.”

She pointed out that, “this digital revolution transcends statistics; it reshapes commerce, services, and livelihoods. Our burgeoning e-commerce market, projected to exceed $16 billion by 2030, is fuelled by trailblazing platforms like Jumia and Konga.

“Innovative logistics startups such as Kwik and GIGL illustrate how digital technologies spawn entirely new value chains, enhancing efficiencies and expanding economic opportunities. Such developments promise exponential employment gains, diversification away from oil dependence, and transformative service delivery across sectors.”

According to her, with Nigeria’s fintech ecosystem attracting over $2 billion in investments in 2024, thus sustaining its position as the continent’s financial technology powerhouse, the country’s financial sector “is both a driver and beneficiary of the digital revolution.”

David-West highlighted how digital payments and mobile money services can serve as a foundation for formalising vast informal sectors, enhancing tax compliance, and integrating businesses into formal financial systems.

She, however, said: “Several challenges remain that require immediate attention, including infrastructure deficits such as unreliable electricity and limited broadband access in rural areas, as well as a shortage of digital skills that restrict economic participation.

“It is essential for regulators to carefully navigate the balance between fostering innovation and ensuring consumer protection amid rapid technological advancements.”

In his address, the chairman of the Finance Correspondents Association of Nigeria (FICAN), Mr. Chima Titus Nwokoji, said: “This year, our conference theme is both timely and urgent, focusing on the digital economy, taxation, banking, and finance. Globally, the digital economy has evolved from being merely a promising frontier to a critical backbone of modern growth.

“In Nigeria and across Africa, we find ourselves on the brink of a significant transformation driven by data, digital payments, artificial intelligence, and cross-border innovation.”

He noted that “Current statistics underscore our potential: the ICT sector contributed 18.3 per cent to Nigeria’s GDP in the second quarter of 2025, and digital payment transactions exceeded N600 trillion in the first half of the same year, showcasing a 22 per cent year-on-year growth. Mobile money usage has surpassed 73 million, successfully reaching rural communities that were previously excluded.

“To further solidify these advancements, the Central Bank of Nigeria has introduced the Payment System Vision 2020, a comprehensive blueprint for our digital future, incorporating AI, blockchain settlements, and cross-border payments enabled by the African Continental Free Trade Area.”

He pointed out that no robust digital economy can flourish without an equitable and effective tax Framework.”


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Tecom and Huawei to Host MiniFTTO Solutions Launch Event in Lagos

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Huawei
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Tecom, in partnership with Huawei, is set to host the Huawei–Tecom MiniFTTO Solutions Launch Event on Thursday September 25, 2025, at Four Points by Sheraton, Victoria Island, Lagos.

Huawei

Themed “Fiber for Every Business: Powering Connectivity into the Future”, the event which is free and open for registration via https://rb.gy/cjo48a will spotlight Huawei’s Mini Fiber To The Office (MiniFTTO) solution — an innovation designed to address the networking challenges of institutions and businesses of all sizes across Nigeria.

The Huawei MiniFTTO solution is built on F5G technologies and delivers high-performance all-optical networking tailored for diverse environments such as schools, universities, banks, hotels, government institutions, and private sector businesses. By extending fiber to every corner of an organization, MiniFTTO ensures superior user experience, simplified operations, easier maintenance, cost-effective deployment, and seamless management via mobile applications.

Speaking ahead of the event, Happiness Obioha, Managing Director of Tecom, highlighted the solution’s strategic importance for Nigeria’s digital economy: “MiniFTTO is a game-changer for Nigerian businesses and institutions. Many organizations face challenges with poor connectivity, high maintenance costs, and inefficient networks.

“With this solution, Huawei and Tecom are delivering enterprise-grade networking that is accessible, affordable, and easy to manage — enabling organizations to unlock productivity and long-term growth.”

As Huawei’s newly appointed Gold Distributor in Nigeria, Tecom will drive the adoption of MiniFTTO alongside Huawei’s broader eKit portfolio, which includes networking, collaboration, data storage, and cybersecurity products.

This partnership positions Tecom to deliver not only cutting-edge solutions like the Huawei OptiXstar series terminals (EG8145B7-50, V166a-20, C610, B866G-S2, C810E) but also the technical expertise and support required to ensure smooth implementation for Nigerian institutions and enterprises.

The launch event will bring together Internet Service Providers, telecommunications companies, enterprise resellers, corporates, banks, hotels, schools, universities, estate managers, government agencies, and other stakeholders to explore firsthand how Huawei’s MiniFTTO and eKit solutions can revolutionize operations.

Attendees will gain practical insights, engage with industry experts, and discover new pathways to digital transformation.

The Huawei–Tecom collaboration underscores a shared vision of bridging connectivity gaps across institutions and businesses, providing them with tools to scale, innovate, and thrive in Nigeria’s evolving digital landscape.

For event registration, partnerships, and media inquiries, please contact:
sales@tecom.com.ng | +234 905800 4980 | https://rb.gy/cjo48a .


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