Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

General News

NIPOST Rues Shrinking Mail Volume, Misses Revenue Target

Published

on

Ibrahim Mori Baba,PMG, NIPOST
Kindly share this post

Nigeria Postal Service (NIPOST) has decried the shrinking volume of mails on daily basis adding that the case is being worsened by companies now preferring compact discs (CDs) to printed annual report, which form bulk of NIPOST’s business platform.

Mike Umo, general manager, BulkPost Venture, an arm of NIPOST told Nigeria CommunicationsWeek in Lagos that owing to present business trends the Venture has found itself, it has become extremely difficult to attain its over N700million annual revenue target.

“Although we still have few weeks to the end of 2013, but we have not achieved our revenue targets. The year, I wouldn’t say is generally bad for us, on the average it is still acceptable. The issue is that mail volume is shrinking by the day; especially when companies in the way to cut cost, they have resulted to converting Annual Reports (ARs) to compact discs (CDs). Now, reports that use to fetch us, by weight, N150:00 or N200:00 per copy have been reduced to CDs. And CDs no matter how padded it may be, it cannot by, the virtues of weight and monetary, be more than N60:00.

“Here in BulkPost Venture, we have a ratio of 60:40 that we give to courier operators. So, with 60% of N60:00 it is difficult for us to meet our targets (revenue wise). Along the line, especially when we had the heat so much, management had to look at the issues; at the same time, customers too were complaining about CDs,” the GM said.

Umo also explained that to convey a CD from one end to another, most times, leave the plates in bad condition. He said that some of the customers have complained of cracking of the CD. “So management rose to the occasion to repackage them in manner that they will arrive to the destinations in good shape. That made the management to come up with a flat rate for CDs, currently pegged at N150:00,” he said.

The management’s decision, he noted, actually cushioned the effect on the Venture’s revenue, otherwise the process really had its nosedived.

“For instance, in the BulkPost we have over N700million target. So far, we have not been able to meet the target, unless something happens before the end of the year. Be that as it may, we still thank God, because if not the management’s position the revenue would have been so down. Meanwhile, the customers are patronizing us because we have entrenched trust in the system.

“Although some of them tend to reduce the quantity of CDs they would have produced. For instance a Company with 500 shareholders may decide to 300. Invariably, the N150:00 has not made us to be on advantage hence the reduction in the number of CD copies produced still affect the revenue drive,” the BulkPost boss said.

On strategies to tackle challenges in the coming year, he said that the Venture will not relent in exploring new grounds and harnessing prospect customers. “We are considering going into direct marketing mails. And we believe that if we explore that area very well it will help us overcome most of our challenges,” he said.

He added that the Venture is organizing a Forum in Lagos on December 12 at Sheraton Hotel, where stakeholders will look at critical issues in the sector.  


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

NITDA Advocates Strategic Partnership in Research to Unlock Nigeria’s Digital Potential

Published

on

Kindly share this post

Kashifu Inuwa, CCIE, the Director General of the National Information Technology Development Agency (NITDA), has emphasized the critical need for robust collaboration among academia, industry, and government.

This call was made during a working visit by a delegation from Lancaster University, United Kingdom, led by Professor Kirk Semple, Director of International Research, to NITDA’s corporate headquarters in Abuja.

The visit centred on exploring avenues for strategic collaboration under the Research and Innovation Partnership for Entrepreneurship (RIPE) programme, an initiative aimed at leveraging academic research and innovation to spur entrepreneurial development and economic transformation.

Addressing the delegation, Inuwa noted that Nigeria and Africa broadly face a significant research investment gap that continues to hinder the continent’s progress toward building knowledge-based economies. “For us to build a robust and sustainable economy, we need to invest in research. That is where we have a huge gap in Nigeria and Africa at large, we don’t invest in research,” he said.

Using agriculture as a case in point, Inuwa observed that many Nigerian farmers lack access to critical data and digital tools that could revolutionise productivity and resource efficiency. He stressed that research and development (R&D) are foundational to solving such sector-specific challenges and to informing policies and regulations that can accelerate digital transformation.

Inuwa further outlined NITDA’s focus on emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), unmanned aerial vehicles (UAVs), blockchain, robotics, and additive manufacturing, noting that these technologies hold vast potential for solving local problems and creating new economic opportunities.

“The goal is to create a vibrant technology-research ecosystem that unites academia, industry, government, entrepreneurs, and risk capital,” he stated.

He further emphasised the need to align university curricula with real world industry demands, encouraging institutions to develop talent capable of addressing practical challenges through innovation. Inuwa also called for better coordination among stakeholders, warning against the inefficiencies of duplicative efforts.

Inuwa also referenced the eight strategic pillars identified by the Federal Government as drivers of national development. These include Reforming the economy for inclusive and sustainable growth, strengthening national security for peace and prosperity, boosting agriculture to achieve food security, unlocking energy and natural resources, enhancing infrastructure and transportation, focusing on education, health, and social investment, accelerating diversification through industrialisation and innovation, Improving governance and service delivery.

To support these priorities, Inuwa further highlighted NITDA’s Strategic Roadmap and Action Plan 2.0 (SRAP 2024–2027), which is structured around eight complementary pillars. These include Foster Digital Literacy and Cultivate Talents, build a Robust Technology Research Ecosystem, Strengthen Policy Implementation and Legal Framework, Promote Inclusive Access to Digital Infrastructure and Services, Strengthen Cybersecurity and Enhance Digital Trust, Nurture an Innovative and Entrepreneurial Ecosystem, Forge Strategic Partnerships and Collaboration, and Cultivate a Vibrant Organisational Culture and an Agile Workforce in NITDA.

“We place a strong emphasis on research because without it, you can not develop effective policies or regulations that drive real change in the ecosystem,” Inuwa added.

The meeting marked a significant step forward in NITDA’s commitment to international collaboration, aligning with the broader objectives of President Tinubu’s Renewed Hope Agenda, and positioning Nigeria to take a leadership role in the global digital economy through research-led innovation, DG stated.

In his earlier remarks, Professor Kirk Semple highlighted Lancaster University’s global research reputation and its commitment to strategic collaborations that deliver societal value. He described the (RIPE) programme as a vehicle for knowledge mobilisation moving beyond academic theory to practical application.

“Universities today are under pressure to demonstrate value beyond knowledge creation. Strategic partnerships like this with NITDA helps ensure research informed policy, supports innovation, and drives meaningful change in communities,” Semple said.

He also underscored the role of innovation in bridging the gap between academia and society, noting that universities serve as critical hubs for organisations especially those lacking R&D capabilities to access expertise and resources necessary for solving global issues like climate change, public health, and technological inequality.

Professor Semple concluded by affirming the importance of creating diverse, long-term networks that foster cooperation across sectors, emphasizing that the true measure of success lies in sustained impact rather than accolades.

 


Kindly share this post
Continue Reading

General News

Lagos Slush’D 2025 To Promote Creativity among Start-ups

Published

on

L-r: Oluseye Soyode-Johnson, Strategic Partnership at Bvndle Loyalty & Programs and Content Lead; Dolapo Taiwo, Partner Unotech Media and Communications Lead; Rasheka Scott, CEO of Scott & Co. And Legal Consultant and Kolawole Okuboyejo, Director all of Lagos Slush’D during pre-event media parley held in Lagos yesterday
Kindly share this post

The median edition of Lagos Slush’D 2025, an innovation-driven, founder-focused startup conference begins today. The two-day event holding at The Podium, Lekki, Lagos, is part of the global Slush’D movement under the world-renowned Slush Helsinki brand.

Lagos Slush’D 2025 will showcase Nigeria’s fast-growing start-up ecosystem and spotlight the creativity, resilience, and ambition of Nigerian founders.

Mr. Kolawole Okuboyejo, Director, Lagos Slush’D, said the event will also connect local startups with global innovation networks, particularly the Nordics (Finland, Denmark, Sweden, Norway, and Iceland), known for world-leading innovation, sustainability, and impact entrepreneurship.

“It will facilitate meaningful partnerships between start-ups, investors, corporates, accelerators, and policymakers to drive funding, market access, and knowledge exchange.

“Promote inclusive and scalable innovation that tackles Africa’s biggest challenges — from food security and digital inclusion to climate adaptation and affordable healthcare. Strengthen the Nigeria-Nordics connection, building long-term bridges between ecosystems that believe in entrepreneurship as a driver of societal and economic progress.

“Lagos Slush’D is where ambition meets opportunity — a space for start-ups to pitch bold ideas, meet future partners, and accelerate their journey from local to global impact,” he said.

He noted that Lagos Slush’D place a special emphasis on the Nigeria-Nordics connection, drawing from the Nordics’ strengths in clean technologies, impact investing, sustainability, and start-up innovation, while tapping into Nigeria’s fast-growing, opportunity-rich market.

“Nigeria boasts a young, tech-savvy, urban population, a growing middle class, and rapidly expanding mobile and internet connectivity — all fueling digital innovation.

“Nigeria is home to Africa’s largest economy and most vibrant start-up scene. Over 600 active tech hubs across Africa. African start-ups raised over $5 billion in funding in 2023, with projections for a fivefold increase by 2030.

Africa’s combined GDP is projected to reach $3.2 trillion by 2030. The African Continental Free Trade Area (AfCFTA) will become the world’s largest free trade zone, unlocking massive cross-border opportunities.


Kindly share this post
Continue Reading

General News

Jumia Expands Delivery Service to Nigeria

Published

on

Kindly share this post

Jumia, pan-African e-commerce platform, has announced the expansion of its logistics service, Jumia Delivery, to Nigeria. Building on its successful operations in Côte d’Ivoire, Jumia Delivery offers individuals and businesses a fast, secure, and cost-effective parcel delivery service across the country.

With one of the largest delivery fleets and a distribution network spanning over hundreds of cities, Jumia Delivery is set to revolutionize logistics and enhance shipping convenience for all. Customers can now send parcels with ease, benefiting from Jumia’s reliable logistics infrastructure and extensive partnerships with third-party logistics providers.

“Africa’s growing digital economy demands robust and efficient delivery services, and we are excited to introduce Jumia Delivery as a reliable solution to improve last-mile logistics. The introduction of Jumia Delivery in Nigeria, following our success in Côte d’Ivoire, is a major step forward in addressing logistics challenges and meeting the evolving needs of both individuals and businesses,” said Francis Dufay, CEO of Jumia.

Following its rollout in Nigeria, Jumia plans to expand Jumia Delivery to other key markets including Kenya, Ghana and Senegal, further extending its logistics capabilities across the continent.

With a customer-centric approach, Jumia continues to innovate and expand its logistics infrastructure, reinforcing its role as a key enabler of Africa’s e-commerce ecosystem.


Kindly share this post
Continue Reading

Trending