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Nigeria’s Competitiveness Survey Will Spur Growth-Friendly Policies- NCCN

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By peter oluka

The National Competitiveness Council of Nigeria (NCCN) has said that Nigeria’s first national competitiveness report in November is part of its efforts in driving the viability of States in Nigeria and spurring viable policies for sustainable national prosperity.

Speaking at a press panel discourse on the theme “Competitiveness: The Viable Path to Job Inclusive Growth’”, Chika Mordi, NCCN CEO, explained that the move would help spur growth-friendly policies.

The forum brought together stakeholders in policy advocacy space and also financial, business and economic experts. Panelists at the forum agreed that States were vital to Nigeria’s quest to attaining a productive and viable economy.

According to the NCCN, the index evaluates the competitiveness of Nigeria’s 36 states and FCT through metrics that examine growth, development and productivity potential.

Explaining the findings of the new report to be released by his council, Mordi said, “There were some states where you saw a clear path when it comes to education and skills. What we hope is that the policy and interventions that have worked will be transferred from the states where they have worked to the states that haven’t done it yet. The goal we have is all about poverty reduction. We feel that competitiveness will drive inclusive growth.”

The NCCN report, which was compiled over the last 20 months with support from the Ford Foundation, the Tony Elumelu Foundation, the World Bank and a host of other reputable international organisations, looks into how economically competitive states in Nigeria are.

“What we did was to set parameters for assessing the competitiveness of every state,” Mordi said. And based on parameters that have pillars and sub-pillars around macroeconomics, human capital, infrastructure, trade and around things like settlement and enforcement, we did surveys across the country.”

“We did one of the largest surveys you are going to see in this part of the world. We had 8,000 plus households, over 2,000 business surveys and we had a response rate of 91 percent.

“So we asked them a series of questions about their businesses, their experiences and all of these were plugged into the pillars, after some analysis. We also had primary data that we used as well, and cross-validated all of this information to see where it made sense and cleaned it up.

“Based on those results, we now ranked every state on each pillar, aggregated it and now ranked the states, in terms of their competitiveness.”

The NCCN’s index drew from resources of the World Economic Forum, World Bank, Mexico’s IMCO and HBS’s Prof Michael Porter.

The NCCN also stated that it received funding from Ford Foundation, the Tony Elumelu Foundation, and resource support from the EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) to drive initiatives targeted at fiscal balance, healthy public-private policy contestation and unleashing private enterprise potential.

“The NCCN Sub-National Index is a potent tool for catalysing business-friendly policies that will spur job-rich growth in Nigeria’s 36 states,” NCCN Chief Executive Officer, Chika Mordi said. The findings of NCCN Sub-National Index underscore the salience of state governments in Nigeria’s overall economic growth potential.”

The NCCN sub-national is expected to enable states to identify ways to maximise growth and development potential. State policies and actions hold the key to boosting Nigeria’s overall growth.

It added: “Nigeria faces a well-documented overdependence on oil for fiscal revenue that has stifled incentives for private sector growth and remains insufficient for sustainable poverty reduction.”

According to OPEC, the oil and gas sector accounts for about 35 per cent of gross domestic produc t and petroleum exports revenue represents over 90 per cent of total exports revenue.

Gross capital formation as a percentage of GDP remained inadequate for growth compared to other emerging economies (Algeria 51%, Mexico – 23%, South Africa – 21%, Nigeria – 15%).

Also, operational costs are high, the lack of adequate infrastructure constitutes a binding constraint for manufacturing and agriculture, and structural rigidities suffocate diversification and industrialisation efforts.

“Perhaps the most disturbing aspect of today’s context is Nigeria’s rising youth population, which is an unutilised demographic window of opportunity that is fast turning to a ticking demographic bomb in the form of a massive army of unemployed youths. 62.27% of the population is under the age of 25, Countries such as the US, China, Japan, and South Korea achieved economic growth and poverty reduction by exploiting a similar demographic window of opportunity.

Meanwhile, during the round-table discussion, which was held in Lagos, one of Nigeria’s foremost data analyst companies, BudgIT, said the nation’s current fiscal structure does not motivate state governments to look within and solve their own problems.

BudgIT’s co-founder, Oluseun Onigbinde explained that the current system of federal allocations and bailouts cripples the imagination of state governments to increase internal revenue.

“The incentive is grossly lacking and this is partly because the Nigerian political elites do not like to answer hard questions,” Onigbinde said.

NCCN is a nonpartisan private effort aimed at enhancing the productivity of businesses operating in Nigeria with the ultimate goal of improved socio-economic outcomes for Nigeria,” it added.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

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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Confronting the Google Monolith: Survival Strategies for Online Businesses

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By Reuben Kalu.

In the vast expanse of the digital realm, Google looms large, an omnipresent force shaping the way we navigate, search, and conduct business online.

From its humble beginnings as a search engine to its current status as a multifaceted tech behemoth, Google has entrenched itself deeply into the fabric of the internet.

Its influence is undeniable, its reach unparalleled, and its ubiquity seemingly inescapable. But can you truly run an online business without Google?

The answer, in today’s digital landscape, is a resounding no. You have no choice.

Google’s dominance extends across multiple facets of the online world, making it virtually impossible for businesses to thrive without engaging with its ecosystem.

From search engine optimization (SEO) to online advertising, email services to analytics, Google’s suite of products and services permeates every aspect of the online business landscape.

Attempting to operate without Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

At the heart of Google’s influence lies its search engine, the gateway through which billions of internet users navigate the vast expanse of online content. .

Google’s search algorithms wield immense power, determining which websites rank prominently in search results and which languish in obscurity.

For businesses seeking to attract organic traffic and expand their online presence, optimizing for Google’s search algorithms is not merely advisable—it’s imperative.

But Google’s influence extends far beyond search. Consider Google Ads, the company’s advertising platform that enables businesses to reach targeted audiences through paid search, display, and video advertising.

With billions of searches conducted on Google each day, Google Ads provides unparalleled reach and visibility, allowing businesses to target potential customers with pinpoint accuracy.

Attempting to compete in the online advertising arena without leveraging Google Ads is akin to entering a battle unarmed—a futile endeavor destined for failure.

 

Moreover, Google’s suite of productivity tools, including Gmail, Google Drive, and Google Workspace, has become indispensable for businesses seeking to streamline their operations and enhance collaboration.

With seamless integration across devices and platforms, Google’s productivity tools offer unparalleled convenience and efficiency, empowering businesses to work smarter, not harder.

Attempting to eschew Google’s productivity suite in favor of alternative solutions is not only impractical but also unwise, depriving businesses of the tools they need to succeed in today’s fast-paced digital landscape.

Furthermore, Google Analytics stands as the gold standard for web analytics, providing businesses with invaluable insights into their online performance and audience behavior.

From tracking website traffic and user engagement to analyzing conversion metrics and customer demographics, Google Analytics offers a comprehensive toolkit for optimizing online marketing strategies and driving business growth.

Attempting to gauge online performance without leveraging Google Analytics is akin to flying blind, devoid of the critical data needed to make informed decisions and drive meaningful results.

But perhaps the most formidable aspect of Google’s influence lies in its role as a gatekeeper of information and access.

With billions of users relying on Google’s platforms and services each day, the company wields immense control over the flow of online traffic and the dissemination of information.

For businesses seeking to connect with customers and expand their reach, Google’s dominance presents both a tremendous opportunity and a formidable challenge.

Attempting to circumvent Google’s influence and establish an online presence independent of its ecosystem is a Herculean task, fraught with uncertainty and risk.

In essence, attempting to run an online business without engaging with Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

While alternative platforms and solutions exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage. You have no choice.

In conclusion, Google’s pervasive influence permeates every aspect of the online business landscape, making it virtually impossible to escape its grasp.

From search engine optimization to online advertising, productivity tools to web analytics, Google’s ecosystem encompasses a vast array of products and services that have become indispensable for businesses seeking to succeed in the digital age.

While alternative solutions may exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage.

You have no choice.


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