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Okere @ WEF, Lists Benefits of NgREN

Austin Okere, founder of CWG Plc and Entrepreneur in Residence at Columbia Business School (CBS), New York, spoke on the Digital Advantage Panel anchored by Nielsen Bronwyn of CNBC Africa at the World Economic Forum Annual Meeting of the New Champions in Tianjin, China in early September.
Speaking alongside Rich Lesser, global CEO & President of the Boston Consulting Group, Natarajan Chandrasekaran, CEO of Tata Consultancy Services, Mitchell Baker, Executive Chairwoman of the Mozilla Foundation, and Maurice Levy, Chairman and CEO of the Publicis Groupe on the role of Science, Technology, Engineering and Math (STEM) education and the importance of Computer Science on future employment trends, Mr. Okere threw light on the transformative Nigeria Research and Education Network (NgREN) project which his company, CWG, collaborated with the World Bank and the Education Ministry in Nigeria to deliver earlier in the year.
The project, the first of its kind in West and Central Africa, covers the 27 Premier Federal Universities in Nigeria and their over one million students and staff, providing high definition telepresence capabilities for real-time collaboration, voice over internet protocol (VOIP), and shared access to research content and joint experimentation projects. Subsequent phases will extend to over 500 other Universities, Polytechnics and Colleges of Education, and cover over 20 million people.
On the question of technology and needed regulation, Austin’s view is that legislation will always lag technology because of its innate manual and iterative nature and having to chase rapid innovation in technology.
He believes that in the future, physical stores shall only be for brand enticement and ‘look & feel’, while most purchases shall be made online.
Mr. Okere averred that business models based on the arbitrage of information such as travel agencies shall be disrupted and disinter mediated in favour of business models based on creativity and knowledge value add to information, such as software design, big data analytics and Ecommerce enablers such as Google and Alibaba.
He added that in today’s world, Small and Medium Enterprises (SMEs) can have access to the hitherto technology advantage enjoyed by larger companies, by leveraging technology solutions available through cloud computing, and spreading capital costs through subscription payments.
He counseled governments to invest in the critical ‘last mile’ infrastructure that enables Broadband access to homes and offices to further boost inclusive growth, noting that there is a correlation between pervasive Broadband Access and the GDP growth of a country.
When asked about financial inclusion and business expansion into emerging markets, Austin’s views were that the new frontiers for business expansion following saturation in the developed markets were Africa and Latin America. He however cautioned against wholesale importation of western business model templates into these emerging markets given the different geographies, peoples and cultures. He counsels local partnerships to explore the immense opportunities in a mutually beneficial manner.
On financial inclusion and the widely popular M-PESA mobile banking system in Kenya, Mr. Okere explained that the model has not quite taken off in promising markets such as Nigeria because of the model adopted in Kenya where the initiative is telecom operator led. He expressed deep scepticism about the ‘largest bank’ in the country being outside of the supervisory purview of the Central Bank, since telecom operators are rather regulated by the Communication Commission.
He favours a bank led model, which is slow in taking off because the banks are just learning the ropes in agent recruitment, a critical pillar in the value chain and the forte of telecom operators.
He however, believed that the recent launch of the national identity card project in Nigeria will significantly boost financial inclusion in the country, since the cards, with biometrics and financial transaction capability (in conjunction with MasterCard), shall be carried by over 130 million Nigerians; far more than the subscribers on M-PESA, which stands at about 15 million as at June 2014.
The WEF Champions meeting which holds annually in China and also known as the ‘Summer Davos’, attracted over 2,000 delegates comprising global industry captains, top academia, heads of states and top government functionaries to the city of Tianjin for two days from September 10.
It will be recalled that CWG was named a WEF Global growth Company in May 2014 at the WEF Forum at Abuja in recognition of her phenomenal growth, global corporate citizenship, executive leadership and impact on the competitive landscape of the ICT industry in Africa.
Acknowledging the company, David Aikman, Managing Director and Head of the New Champions at the World Economic Forum, remarked that “CWG Plc is a dynamic group with clear potential to shape the future in its relevant business sector and so is a perfect fit to our GGC community”.
The Forum was opened at a colourful event by Chinese Premier Li Keqiang and Professor Schwab Klaus, Founder and Chairman of the World Economic Forum.
The premier assured the international business community in China that they would not be selectively targeted in the ongoing industrial reforms in China, while announcing a healthy GDP growth of 7.6% and the creation of an additional 10.4 million jobs in the eight months to September.
Professor Schwab thanked the Government of China for their continued hospitality to the WEF community and assured of the reciprocity of the global business community through increased investment in the Country.
News
Lagos Plastic Ban: MAN Warns of Job Losses, Closure of Businesses

Manufacturers Association of Nigeria (MAN) has expressed concerns over the impending ban on Single-Use Plastics (SUPs) by the Lagos State Ministry of Environment.
It warned that it could lead to job losses and and lead to economic, operational, and social consequences for manufacturers, traders, recyclers, and end users.
Segun Ajayi-Kadir, director general, MAN, in a statement called on the Lagos State government to reconsider the ban, citing a lack of credible data and stakeholder engagement.
According to Ajayi-Kadir, a recent study revealed that 100% of manufacturers surveyed expressed fears of job losses and workforce restructuring if the ban is implemented.
He said, “A recent MAN-supported study evaluating the possible impacts of the Lagos State SUPs ban revealed significant adverse economic, operational, and social implications across the value chain, from manufacturers to wholesalers, traders, and end users. It has been noted that only poor and developing countries often tilt towards plastic ban as a strategy to combat environmental problems.
“A hundred percent of the manufacturers consulted expressed concern over a ban-induced workforce restructuring. Thus, several jobs will be lost in the industry if this ban were to be implemented.
“It is noteworthy to mention that there is no form of arrangement for social protection for the employees who will lose their livelihoods as a result of this ban.
“Also, there has been no form of social dialogue on the part of the government with these workers or the industry on the potential job losses.”
According to him, findings showed that 89% of operators in the plastic value chain rely on SUPs as their primary source of income with no alternative source of livelihoods, over 75% of end users, including SMEs, depend on plastic packaging with no affordable or practical alternatives, and 93% of dealers, many of whom are women, reported no prior information or social support mechanisms to cushion the impact.
Ajayi-Kadir emphasised that banning SUPs would not resolve pollution issues but merely substitute one problem for another, especially without scalable alternatives or infrastructure to support the transition.
He urged the government to focus on improving waste management infrastructure and promoting recycling, rather than imposing bans.
News
Court Hands 23 Chinese Nationals 1 Year Jail Term Each for Cyberterrorism, Fraud

A Federal High Court in Ikeja, Lagos state has sentenced 23 Chinese nationals to one year imprisonment each for their involvement in cyberterrorism and internet fraud.
Economic and Financial Crimes Commission (EFCC) arraigned them before Justices D.E. Osiagor, D.I. Dipeolu, and A.O. Faji on a single count of cyberterrorism and online fraud.
Dele Oyewale, spokesperson, EFCC, revealed that the convicted individuals were members of a cyber-fraud syndicate comprising 792 people.
He noted that the culprits were arrested on Thursday, December 19, 2024 in Lagos, during an operation known as ‘Eagle Flush.’
Oyewale stated that the individuals identified as Yu Hui (also known as A. Bin), Huang Jin Hui, Fei Fan, Lu Qiang, Hu Xi Zheng, Sun Zhi Peng, Wu Hao, Cong Bing, and Li Qiang alias Yang Huan Huan, Zheng Wei alias A. Hong, Cheng Jian, Da Tou, A Wen, Zhang Lei, Huang Zhi, Pan Jiong, Chen Wen Yuan, Jia You alias A. You, Wang Zheng Feng alias Feng, Liu San Hua, Liu Beixing, and Wen Zong Xu alias Li Long were all charged on one count of online fraud and cyber-terrorism.
One of the charges brought against Yu Hui (also known as A. Bin) claimed that he, along with others, unlawfully accessed computer systems in Lagos around December 2024 with the intent to destabilize and damage Nigeria’s economy and social structure.
According to the EFCC, this act violated Section 18(1) of the Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015, and is punishable under that law.
Similarly, another charge filed against Jia You, accused him of accessing computer systems with the aim of undermining and harming Nigeria’s economic and social stability.
This action was said to be in breach of both the Cybercrimes Act and the Terrorism (Prevention and Prohibition) Act, 2022.
Initially all the defendants pleaded not guilty to the charges.
However, during the court session, they pleaded guilty.
The EFCC prosecution team comprising of Nneemeka Omewa, Babatunde Sonoiki, U.S Kyari, and B.M Isah informed the court that the defendants had reached plea bargain agreements.
The defence team confirmed this and requested the court to adopt the terms of the agreements.
Justices Osiagor, Faji, and Dipeolu found each defendant guilty and sentenced them to one year in prison, with the sentence starting from their arrest date on Tuesday, December 10, 2024.
Each convict was also fined N1 million.
Additionally, the judges ordered the Nigerian Immigration Service (NIS) to deport the convicts within seven days of completing their sentences.
All devices recovered during the operation including mobile phones, laptops, and routers were forfeited to the Nigerian government.
News
Galaxy Backbone Reaffirms Commitment to Support Security Agencies with Its Vast Digital Infrastructure

The Board, Management, and Staff of Galaxy Backbone (GBB) express profound sorrow and heartfelt condolences to the governments and people of Benue, Borno, Plateau, Anambra, and other states affected by recent waves of violent attacks and insecurity. We mourn with every family, community, and institution that has suffered the pain of loss, displacement, and trauma.
At Galaxy Backbone (GBB), we firmly believe that security is the bedrock of any thriving society. No nation can make meaningful progress when peace is threatened. These tragic incidents are not just national emergencies, they represent deep personal losses to every Nigerian, and they call for urgent, united, and technology-enabled solutions to support lasting peace.
As a Federal Government organization, entrusted with delivering secure digital infrastructure and smart technology solutions to public institutions across Nigeria, Galaxy Backbone remains resolute in its commitment to supporting state governments and security agencies through cutting-edge digital platforms that enable proactive and intelligent security management.
We also acknowledge and commend the visionary leadership of His Excellency, President Bola Ahmed Tinubu, GCFR, and the concerted efforts of the Federal Government of Nigeria in responding decisively to the security challenges facing parts of the country. The President’s unwavering commitment to peace, safety, and national unity under the Renewed Hope Agenda is evident in the bold steps being taken to restore order and build a more secure Nigeria.
Through our Safe City Security Solutions, GBB offers an integrated suite of smart surveillance systems, real-time data analytics, emergency communication networks, and AI-enabled threat detection tools. These solutions are specifically designed to enhance operational capabilities, strengthen coordination across security agencies, and empower informed decision-making in high-risk environments.
GBB stands ready to partner with both state governments and security agencies that are committed to building safer, smarter, and more resilient communities. We believe that technology must lead the charge in safeguarding lives, and we are proud to serve as a trusted digital ally in Nigeria’s journey toward modern, tech-enabled public safety.
Together, we can bolster early warning systems, expand surveillance coverage, enable faster emergency responses, and ensure that every Nigerian lives in a country where peace and prosperity are not aspirations, but realities.
May the souls of the departed rest in peace. And may strength, healing, and hope return to the hearts and homes of all those affected.
Galaxy Backbone remains aligned with the vision of a secure, digitally connected, and inclusive Nigeria, where every citizen has the freedom to live, work, and dream in peace.
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