News
Nigeria, Others Emerge Highest Mobile Online Reading Population – Report
African mobile users have spent an average of over four million hours reading books on their mobile phones so far in 2018, representing a 32% increase from 2017.
This is according to a survey conducted by Web browser company, Opera Mini, in partnership with global literacy non-profit, Worldreader, in light of World Literacy Day on 8 September.
The research provides insights into the mobile reading habits of almost two million Worldreader app users on the African continent. In addition, Opera Mini ran an online survey of 1 500 women and men aged 14 to 44 from various parts of the Africa continent, to learn more about their Web browsing habits on their mobile phones.
The study reveals that Nigeria, SA and Ivory Coast are the countries with the highest mobile and online reading populations in 2018.
Furthermore, 65% of mobile readers on the continent are men, while 35% are women. The study reveals women in African countries are as tech-savvy as men, when it comes to browsing the Internet using their mobile phones.
“Women are using their browsers as often as men; with the majority of female survey respondents in Kenya and Nigeria (60%) stating they access their mobile browsers more than eight times a day. Furthermore, women tend to spend 11.5 minutes reading on average, while men read 6.5 minutes per session, making women more frequent readers.
“On average, there are more than 414 000 monthly e-book readers across the African continent, with most readers preferring books related to love and romance, especially those that come from local authors and publishers,” it notes.
According to the study, millions of people do not read for one reason: they do not have access to text. However, mobile phones and cellular networks are transforming a scarce literacy resource into an abundant one.
“Mobile technology is significantly advancing literacy and learning in underserved communities around Africa. Affordability of mobile phones together with the data saving technology have been key to the increase in access to free electronic books,” it points out.
Smartphone access
According to Zenith’s Mobile Advertising Forecasts 2017, in 2018 around 66% of individuals in an array of 52 developed and developing countries, including SA, will own a smartphone. This number, according to the report, represents a 63% increase from 2017 and a 58% increase from 2016.
However, the rapid expansion of smartphone ownership across the world is expected to slow down as penetration reaches 80%-90% in the most advanced markets, notes the study.
According to the latest report of Groupe Sp’eciale Mobile Association (GSMA), “The Mobile Economy Sub-Saharan Africa 2018”, at the end of last year, there were more than 444 million unique mobile subscribers and 250 million smartphone users in Sub-Saharan Africa. These numbers represent a big opportunity to bring reading to millions in the region through technology, says GSMA.
“We know that mobile phone affordability and the convenience of owning one are two big reasons why we are seeing more and more people accessing our e-book collection through their mobile devices in Africa,” says Colin McElwee, co-founder of Worldreader.
“Our partnership with Opera Mini is a perfect match. With Opera browser being the number one choice for mobile users across Africa, it provides an incredible opportunity to get people reading.”
GSMA predicts 80% of the 800 million people in Sub-Saharan Africa will have a mobile device by 2020, pushed by the growing popularity of over-the-top services and mobile banking.
E-books collaboration
Opera Mini has developed e-books technology that compresses text and images to 10% of their original size, reducing data consumption and the cost of data on a mobile phone and allowing users to spend more time reading and downloading books when using Worldreader.
The partnership between Opera and Worldreader started in 2015 with the aim of bringing free e-books to millions of mobile users in Africa through Opera Mini’s affordable mobile browser.
“We are very happy to contribute to literacy in Africa with our Opera Mini browser as we give mobile users access to Worldreader’s vast library of great books,” says Jan Standal, VP of product marketing and communications at Opera.
“Since we started this partnership, we have added more than nine million new readers in Africa who now enjoy books from different genres such as romance, adventure and education, among others.”
News
NFIU Seeks Advanced Technology to Combat Financial Crimes in Nigeria
The Nigerian Financial Intelligence Unit (NFIU) is ramping up efforts to combat financial crimes through advanced technology and enhanced collaboration as part of its drive to remove Nigeria from the Financial Action Task Force (FATF) grey list.
Speaking at a high-level conference organized in partnership with the London Stock Exchange Group (LSEG) Risk Intelligence, in Lagos on Thursday, NFIU’s General Counsel, Felix Obiamalu, revealed that the agency had established a special unit, “Emerging Technologies and Innovations sector” dedicated to integrating cutting-edge tools into its operations.
Obiamalu explained that the NFIU was automating processes and developing software to monitor and track financial crimes. “Criminals continuously exploit gaps in the system, but we are upgrading our capabilities and working with global software developers to stay ahead,” he said.
“The LSEG Risk Intelligence also have sophisticated technology tools that we can also leverage on to combat these financial crimes. That is the essence of such collaborations as the fight cannot be won in isolation,” he added, highlighting the role of partnerships in addressing the nation’s anti-money laundering and counter-financing of terrorism (AML/CFT) challenges.
Since being greylisted in February 2023 due to deficiencies identified during FATF’s mutual evaluation process, Obiamalu stressed that relevant stakeholders were working relentlessly.
“This conference is part of efforts to improve interagency cooperation, enhance information sharing, and ultimately build a sustainable AML/CFT framework,” he said, noting that the focus is not only on exiting the grey list but also on creating a system that can effectively address future challenges.
Che Sidanius, the Global Head of Financial Crime at the London Stock Exchange Group, highlighted the broader economic implications of Nigeria’s greylisting. “Being greylisted has a significant impact on foreign direct investment and how Nigeria is perceived internationally.
However, the commitment from both the government and private sector to address these challenges is clear, and that is the first and most critical step,” Sidanius remarked. He emphasized the need for capacity building, robust data utilization, and actionable strategies to strengthen existing frameworks.
The Chief Executive Officer of the NFIU, Hafsat Bakari, earlier in her address stressed that a coordinated approach is vital for success. “No single organization, public or private, can tackle the myriad financial crime challenges we face in isolation. Only through structured cooperation can we succeed,” she said.
Bakari pointed to the Bank Verification Number (BVN) initiative, partnership between the Central Bank of Nigeria (CBN) and commercial banks among other measures as an effective example of PPPs bolstering Nigeria’s AML/CFT framework.
“We, at the NFIU, recognize that gatekeepers in the financial and designated non-financial sectors are often the first to become aware of emerging trends and typologies. They have a wealth of intelligence and information that can contribute to more effective law enforcement responses across a variety of predicate crimes.
“It is therefore critical that we ensure a properly joined up approach, and this is reflected as a priority in our National AML/CFT/CPF Strategy. Therefore, our gathering today could not have come at a better time,” she added.
News
Electricity Subsidy Soars to ₦2.4 Trillion Despite Tariff Reforms
Federal Government’s electricity subsidy has surged by 269%, rising from ₦650 billion in 2023 to an estimated ₦2.4 trillion in 2024.
This increase comes despite the implementation of the Band A tariff service category in April, which was expected to reduce subsidy obligations by ₦1.14 trillion.
Dr Yusuf Ali, Commissioner for Planning, Research, and Strategy at the Nigerian Electricity Regulatory Commission (NERC), revealed this during a presentation at PwC’s Annual Power and Utilities Roundtable in Lagos on Friday.
Speaking on “Reigniting Hope in Nigeria’s Electric Power Sector,” Dr Ali noted that macroeconomic shocks, particularly foreign exchange instability, have driven cost-reflective tariffs up by 118% between 2023 and 2024, contributing to the steep rise in subsidies.
“So right now, the best estimate that we have for 2024 is that the cumulative subsidy for the year will be ₦2.4 trillion,” Dr. Ali said.
He explained that while the government aimed to significantly reduce subsidies through tariff increases in April 2024, the challenging macroeconomic environment has hindered tariff payments.
“Without the tariff reforms implemented between 2020 and 2023, annual subsidies would have risen significantly, especially amidst the macroeconomic shocks of the past 20 months,” he added.
Minister of Power, Chief Adebayo Adelabu, represented by his Chief Technical Assistant, Adedayo Olowoniyi, highlighted the government’s efforts to address the challenges in the power sector. He emphasized that the current administration, under President Bola Ahmed Tinubu, recognizes energy as critical to economic growth and job creation.
“To ensure the sustainability of the energy sector, the Federal Government of Nigeria has implemented a multi-pronged approach spanning across legislation with the enactment of the Electricity Act 2023, policy framework with the development of an Integrated National Electricity Policy, and infrastructure development programmes to expedite expansion,” he said.
The minister outlined additional strategies, including leveraging bilateral funding, commercializing the sector to enhance viability, and collaborating with development partners to address bottlenecks in the Nigerian Electricity Supply Industry value chain.
“Our successes have not been without challenges. We have recorded frequent grid disturbances and dips in supply levels due to ageing infrastructure, resource limitations, capacity inadequacies, and consistent vandalism of transmission networks,” he noted.
To address these issues, the government has implemented short-term measures, such as enhancing maintenance plans for critical substations, replacing outdated equipment, and conducting data-driven analysis to prevent disruptions.
“For long-term strategies, we are finalizing plans for a super grid project to establish a more robust and resilient grid system,” the minister added. He concluded by emphasizing the importance of innovation, collaboration, and bold ideas to restore confidence in the sector.
“Today’s theme reminds us that hope is not a passive sentiment but an active commitment. We must continue to innovate and implement bold ideas to deliver an energy future where every Nigerian has access to reliable, affordable, and sustainable power.”
News
LASAA Enhances Operations with New Porta Cabin Offices in Lagos
Lagos State Signage and Advertisement Agency (LASAA) has launched new porta cabin offices located in Badagry Local Government Secretariat, Ikorodu Local Government Secretariat, Lagos Television premises and LASAA warehouse.
This initiative aims to bring the Agency closer to its many clients and improve the regulation of outdoor advertising landscape, ultimately optimizing revenue generation for the State.
Speaking at the launching of the new offices, the Managing Director/CEO of the Agency, Prince Fatiu Akiolu said they are extensions of the Agency’s branches across the State.
According to him, “The porta cabins launched are not just physical structures, they represent our ongoing commitment to enhancing the efficiency and effectiveness of our operations.”
The MD explained that, with the rapid growth of our city and the increase in the formation of businesses, Lagos has become a dynamic hub for innovation and creativity, and with that comes the need for sophisticated solutions to manage our operations better to meet the rise in the display of business signs in the State.
In his words, “Strategically situating the offices is important to the Lagos State Government for revenue optimization as it will impact positively on the development of the State, as we demonstrate our support for Mr Governor, Mr Babajide Sanwoolu towards actualizing a much greater Lagos.”
He further explained that, “It has become necessary for the Agency to provide these decent portal cabins for the convenience of our staff members and by extension, for our revered walk-in clients who visit to register their business signs and make relevant enquiries.”
He averred that, “These portal cabins symbolize a major step forward in our operations at LASAA. The provisions reflect our dedication to embracing innovation and modernization to improve our service delivery. With these new facilities, we are not just upgrading our operational capabilities; we are also ensuring that our processes are more efficient, accessible, and transparent. Each facility is fitted with air-conditioners, computers, tables, chairs, bathrooms, and kitchens,” Prince Fatiu stated.
Also speaking, the Deputy General Manager, Operations and Innovations of LASAA, Mr Adegbolahan Dixon made it known that it has become imperative to open new porta cabin offices to complement the existing ones as some local governments in the State do not have spaces where they can construct new office buildings.
According to him, “We decided to approach some sister agencies with spaces within their premises to set up the porta cabin offices to reach more clients.”
He said that, “The overriding idea is to be close to our existing and potential customers instead of them going to our head office to transact business. With these offices that are close to them, they can interface with our members of staff who will guide them on how to register and obtain permits for their business signs.”
Dixon also revealed that the Agency has opened a good number of the offices this year which are effectively serving a purpose and that more will be opened for operational expansion next year.
The Lagos State Signage and Advertisement Agency (LASAA) was established by the Lagos State Structures for Signage and Advertisement Agency Law, 2006 and the Amendment, thereto is responsible for regulating and controlling outdoor advertising and signage displays in Lagos State.
In its commitment to excellence, the Agency plays a crucial role in shaping the visual landscape of Lagos through effective regulation and innovative solutions.
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