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Lagos Dangles N230m for Start-Ups in Lagos

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Governor Babajide Sanwo-Olu has launched the Lagos State Science Research and Innovation Council (LASRIC), setting aside $687,000 (about N250 million) start-up funds for investment in research and development of tech-focused solutions across the six pillars of his administration’s development agenda.

Lagos Dangles N230m for Start-Ups in Lagos

Governor Babajide Sanwo-Olu

With a whopping N250 million seed capital earmarked by the Lagos State government for technology and innovation, tech start-ups and young innovators in the state now have the opportunity to push their entrepreneurial skills to the next level.

Sanwo-Olu, also launched the Lagos Innovation Master Plan, a four-planked special purpose vehicle for addressing the state’s socio-economic challenges by using innovative and smart methods.

The innovation Master Plan launched by the governor at the maiden edition of Art of Technology Lagos, comprised Data Access, Talent Building and Broadband infrastructure development plans; Lagos State Science and Technology Council; Lagos State Solution Hub; and the Open Government Initiative.

Sanwo-Olu, said the plan was to use combined technological mix to help his administration tackle problems in the state as captured in its agenda, which include: Transportation & Traffic Management, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment, Tourism, Security, and Good Governance.

He added that the N250 million would be injected in the Science and Innovation Fund, chaired by Prof. Toying Ogundipe, Vice Chancellor of the University of Lagos, for tech innovators and creators in the state to access funds to boost their business.

According to him, the innovation master plan will highlight the government’s critical focused areas that will unleash a culture of problem solving initiative. This now addresses the four main pillars that are required to enable a vibrant innovative ecosystem.

Sanwo-Olu said: “In the next two years, we are hoping to be able to do what we call, a Metropolitan Fibre Grid. We are hoping to have in the next two years about 6000kms of fibre; it’s a total mix, we want to mix the whole system. We want to have a smart city which we are. So we will be signing that before the end of this year or sometime early next year.

“With this administration’s activity in these four areas, the innovation ecosystem is sure to receive the needed boost to raise the communication to the state of the economy.

“We are also launching today, the Lagos State Science and Innovation Council. This council will be responsible for the management of the science itself and the Innovation Fund. This fund is primarily tasked with investment in research and development in science and technology across different thematic areas of the state, from Artificial Intelligence to Robotics to Health and Informatics and Green energy.

“The Lagos State Science Research and Innovation Council will direct funds to solve issues of national significance through science and technology research.

He further said: “The third one is the Lagos State Solution Hub. We will be democratising access to state’s actions in critical strategy of this government, such that the Lagos State Solution Hub serves as the first point of call for innovators, solution providers and innovators on proposing their solutions to the state.

“We realise that crowd sourcing and inclusive strategies are key ingredients to solve a mirage of challenges we face. The solution hub will enable us to make The website is: lagossolutionhub.com.

“The last one is the Open Government Initiative. Data access is seen as critical for building solution culture. The open government has kicked off and we will be communication the major milestones to the public soon.”

He, however, described the Art of Technology Lagos as a platform on which the vision of Lagos State as a smart city would be unraveled, adding that the maiden edition will open the window for ideas, concepts and principles encriptively created for Lagosians and Nigerians to breakout and transform the landscapes.

“We are prepared to provide Lagosians with the opportunity to connect to the global stage. We cannot disaffirm the intractable challenges that face states like ours. With the population that is so high, we have obviously infrastructural challenges.

“A new sustainable method of transportation and infrastructural development needs to be formulated to keep up with the population growth. The use of Artificial Intelligence to predict the movement human resource and material and reverse the environmental degradation are critical solutions we need to adopt,” Sanwo-Olu said.

 

 


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E-Business

Paga Hits N14tri Transactions Value in 15 Years

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Paga, a payments and financial services provider for Africa has processed transactions value to the tune of N14trillion in the last 15 years of its existence.

Tayo Oviosu, chief executive officer, Pagatech, said at a media interaction to mark the company’s 15 anniversary that 80 percent of the amount was done in the last five years.

“When we celebrated 10 years of our business that was five years ago, we have grown our transactions values by 7 times, across the three business arms of our operation which includes; consumer payments, platform as-a-services and super App for retailers.

“This has translated into job creation as we have created over 1,000 direct jobs in Ethiopia and in Nigeria and indirect jobs through our agent network to about 100,000 jobs, this is economic empowerment of Nigerians.

“Our desire is giving people financial freedom and making life possible for them and impacting on our community. We are really proud of our economic achievements and we are making sure that our customers get the best experience.

“We are super excited about what the future holds for our business. Our vision is a world where cash does not exist anymore. We ensure that our customers’ money is safe by complying with the highest global security standards.

“Our focus is on helping both consumers and sellers pay, get paid, and access financial services. We do this directly; and through our Platform-as-a-Service, which enables other third parties to leverage the deep infrastructure we have built for endless possibilities.

Oviosu, further explained the three business lines Paga has transformed into from a mobile money operator from inception to a financial services provider includes; Consumer payment: where anyone can open a Paga account from any type of phone, by download Paga App from Apple or android store or dial *242# from any type of phone device.

“With Paga app, you can fund the account, make payments and also have a physical Visa card or a virtual Visa card on the account. This gives you significant convenience over other bank accounts we have in the market today.

You can send money into that account from any bank account or walk into any bank branch to fund the account. You can as well go to any agent and fund or make transactions from the account,” he said.

He added that when he started the business 15 years ago, there was no infrastructure, “we had to build the required infrastructure to support the business. Two years ago, we opened our infrastructure to allow other technology companies to use it for their own business. We called this Platform as a Service. With Platform as a service we are serving 150 businesses who are using our infrastructure to execute their own businesses.

“The third arm of our business is what we called Doroki this a different brand which is super App for retail business. If you are a supermarket you use it to manage your inventory among others. This is the youngest arm of our business” he noted.


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FG to Fnalise National Intellectual Property Policy  Soon– NCC Boss

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Dr John Asein, director-general, Nigerian Copyright Commission (NCC), has said that the federal government is taking steps to finalise its National Intellectual Property (IP) Policy and Strategy for the country.

FG to Fnalise National Intellectual Property Policy  Soon– NCC Boss

Asein disclosed this on Friday while commemorating the 2024 World Intellectual Property Day with the theme “IP and the SDGs: Building Our Common Future with Innovation and Creativity’’ in Abuja.

The that the Day is observed every April 26 to celebrate the importance of intellectual property (IP) rights to encourage innovation and creativity.

The director-general was represented by  Mr Emeka Ogbonna, director of Legal.

NCC boss said the policy would serve as a blueprint for a more efficient modern and responsive legal and administrative framework for the country to leverage on its creative and innovative potential.

He said that the day underscored the power of innovation and creativity in achieving the Sustainable Development Goals (SDGs) and shaping a sustainable and inclusive future for humanity.

According to him, the SDGs represent a universal call to action to end poverty, protect the planet, and ensure prosperity for all by the year 2030.

“IP rights play a pivotal role in fostering innovation, creativity, and technological advancements. They provide the framework that encourages men and women to develop new solutions that address global challenges.

“It is the lynchpin for incentivising the use of creative and innovative ideas to solve many of the challenges that confront humanity.

“This year’s World IP Day reminds us that intellectual property can be a powerful tool for social, economic, and environmental development.

“It encourages individuals, businesses, and governments to leverage IP rights to drive innovation, create jobs, and build resilient communities.

“By aligning our intellectual property policies and strategies with the objectives of the SDGs, we can accelerate their achievement,’’ NCC boss said.

He said in the spirit of the “Renewed Hope Agenda’’ of the present administration, government had also shown appreciable commitment to the creative industry as a major sector of the economy.

“As one of the agencies responsible for the wholesome development of the creative sector, the Nigerian Copyright Commission will continue to provide the needed institutional, legal and administrative support for the protection, promotion, regulation and enforcement of copyright.

“The commission will pay particular attention to using the copyright system to advance Goal 1 (No poverty); Goal 4 (Quality education); Goal 5 (Gender equality).

“And Goal 8 (Decent and economic growth); Goal 9 (Industry, innovation and infrastructure) and Goal 17 (Partnerships to achieve the goals).

“We are aware that the goals would have to be adapted to fit the peculiar needs of intellectual property which is an intangible asset.’ ’he added.

The director-general, who said that the commission focused on the 17 SDGs to address emerging challenges, called on authors, innovators, users, IP experts and other stakeholders to reflect on the vulnerability of the nation’s fragile knowledge and creative ecosystem.


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NITDA, ICF Train 100 Schoolgirls in ICT Skills

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The National Information Technology Development Agency (NITDA) and Illmi Children’s Fund (ICF) have trained 100 schoolgirls in digital and Information and Communication Technology skills training.

Mrs. Maryam Augie-Abdulmumin, ICF Executive Director, confirmed this in a statement on Thursday in Lagos.

The graduation followed the training of the schoolgirls in ICF and NITDA’s DIGITGALS 2.0 programme, a collaborative initiative aimed to equip adolescent girls in Abuja with critical digital and ICT skills.

Augie-Abdukmumin said the DIGITGALS 2.0 centred around essential digital literacy, programming fundamentals, digital marketing and communication skills, and cybersecurity awareness.

She added that the girls were equipped with the confidence to compete and excel in a globalised digital economy. The graduation was in commemoration of the 2024 International Girls in ICT Day celebration on April 25.

DIGITGALS 2.0 is in its second phase and empowered 100 senior secondary school girls selected from five government schools in the Federal Capital Territory.

The girls aged between 15 and 18 years were equipped with the knowledge and tools needed to thrive in the digital world and address the growing demand for ICT skills in the 21st century.

Augie-Abdulmumin reiterated the importance of bridging the digital gap in the country starting with the girl-child.

“This graduation ceremony on International Day of Girls in ICT is a powerful symbol of our commitment to closing the digital gender gap.

This programme made possible through our partnership with NITDA, and signifies a crucial step towards bridging the digital gender gap.

It also fostering a future where women are active leaders in the tech industry. This is also an opportunity for these girls to take charge of their own future,”.

Mr Kashifu  Abdullahi, the Director-General of NITDA, commended the collaborative efforts of ICF in making the DIGITGALS 2.0 a reality.

According to him, building a diverse and inclusive digital workforce is critical for Nigeria’s success.

“We are proud to collaborate with ICF on DIGITGALS 2.0 to empower these young women to become active participants in the tech industry. This programme showcases the importance of collaborative efforts in bridging the digital gender gap.

These girls have been equipped with essential digital skills, and ICF and NITDA are confident they will become active contributors to Nigeria’s thriving tech landscape,”.

ICF is a non-profit organisation dedicated to improving the lives of children, from underprivileged backgrounds, through education, healthcare, technology and entrepreneurship initiatives.

NITDA is a public service institution established in 2007. It functions as the ICT policy implementing arm of Nigeria’s Federal Ministry of Communication and Digital Economy.


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