Adeniyi Ologunleko is the managing director of Prosellers, West Africa, frontline information and communications technology solutions provider.
He started his career as a sales representative in-charge of West African Market with Procter and Gamble, one of the leading consumer product companies.
He developed interest in ICT during his six years stay at MTN, from where he established Prosellers West Africa.
Ologunleko spoke to Chris Alu in Abuja on innovative solution provided by his company and other issues.
Technology Solution to Check Kidnapping
The Tramigo technology is a geographical position system (GPS) device and what it does is that, if you install it in a vehicle or any moving object, you can know the precise location of that object at any point in time.
The major advantage of Tramigo solution device is that it will return to you the exact location of the object or moving vehicle. What we did was to add a device into the technology that makes it useful in addressing the social menace in our society, and we discover that kidnapping and vehicle theft are some of the menaces. So now, with Tramigo, when installed in your vehicle, there is a button that is hidden in the vehicle which if you are driving and faces a threat of kidnapping or threat to your safety, you can quickly press the button and once you press the button, it is already connected to some of the security agencies, GSM system and your family members will get short message service alert system immediately.
Even up to ten people can get an SMS knowing your exact location at that moment. The message will indicate that you are having some challenges or attack. With distressed SMS alert, the security agencies can find ways of tracing down the kidnappers through the information received on their GSM phone, by so doing they can intercept the vehicle and they can trace the attackers and rescue you.
We also provide solar solutions and equipments. The solar technology we provide can provide back up power to devices, because power failure is one disadvantage that can frustrate business effort, so we adopt solar into our technology as back up for the devices to work very well.
Research and Development for Economic Advancement
Well Nigeria just like some other African countries have economic challenges such as poverty. This affects the ability of most citizens of countries in Africa to think which affects research; also the government finds it difficult to provide the kind of money needed for research and development. In most cases, it is thinking that leads to research or discoveries. In this regards, our academicians are still struggling to come out of the circle of poverty while we don’t even have scientists that can invent or embark on research. Government which is supposed to provide infrastructure to enable economic advancement and research is not living up to expectation. The environmental challenges makes R & D in Nigeria difficult, for instance, ICT parks and equipment, we don’t have them, so it is really difficult for such advancement to take place.
Other countries are investing money into research through synergy, so we can also form a synergy with some of these countries to move ahead, at this point Nigeria don’t need money in form of loans from World Bank, but we need partnership for technological development, through that our engineers, and scientists will be able to acquire the relevant knowledge for economic advancement. That is where we can talk of an enabling environment for a reliable partnership like what China is doing. China is a developing country like Nigeria. What China has done is that they know that they don’t have money for research and development, but they created an environment that is conducive for the people who have that technology, and knowledge to come and set up factories in other to translate that innovation to products, and in the process of doing that, their people will be employed and ideas will be shared, that is how China broke out from some of the factories to start their local products which we consume here in Nigeria and now they are far ahead of us.
Government Driving the Application ICT
Honestly, government cannot do so much in driving the application of ICT in our national lives, I think you have two components to it, you have the public sector component and the private sector components, and the public sector components, government has a key role to play. The private sector component, is already rising up to the challenge in that area, so it is the public sector that is remaining because the private sectors effort is the one creating awareness to people. For instance, your newspaper is one of the key newspapers that educate people mostly on ICT development weekly. So, government has not done that and also government has a major role to play even in the legislation for ICT development in the country, which will help the private sector to intensify their effort in bringing ICT into our daily life.
Supporting Prosellers Services
Our collaboration with Tramigo is basically from the point of view of technology partnership.
Tramigo has been able to invent a world class technology as a matter of fact; Tramigo is the only GPS tracking technology in the world. It is the world best selling in over 200 countries and market leaders in the world in the tracking device solutions. We collaborate with Tramigo, basically on the GPS area which is very important to our service provisioning, because of the technology. They have continued to improve on it to enable us provide the local landmark data service that works with the satellite in addressing social challenges. They help us to provide the geographical mapping code, the GPS satellite will translate.
More so, the device is a stand alone device and what I mean by a stand alone device is that it is a device that does not need internet connectivity, and does not require some of the complication associated that is down or up services. On its own, it is a world class innovation, however locally here in Nigeria what we do is to provide the geographical map in consonance with our streets, areas and major buildings in Nigeria, all to assist the device to work effectively, though it is difficult to describe all the major buildings in Nigeria but we have to do it to help the device work well. This is because once the device in your vehicle sends a signal to the satellite in orbit, and it replies the device a coordinate, that is the geographical area, the latitude and longitude. So, our job is to enable the device by providing software to enable the device to translate that coordinate into a physical area or place like Wuse, Garki or Herbert Macaulay street etc. We also provide the software back up for easy identification. This is done in a matter of few seconds for the device to locate your identification for follow up. Apart from that, we have experts and equipments/updates that constantly monitor and update the land mark data in Nigeria.
Future of Prosellers
In the next five years, we want to see Prosellers becoming a bigger company in the African continent in providing sales and marketing services to the tracking device, and that our partners, Tramigos are working round the clock to ensure that any new technology that is coming out of the laboratories will be transferred to Proseller immediately for sales. New innovation will be added to the tracking device in no distant time. So, we would like to stand as a bridge between innovation and market by giving satisfaction to people in the needed ICT areas.
High Cost of ICT Equipment
I think that prices of ICT equipment are coming down but nevertheless, I don’t think one can talk of high cost now as a major challenge because prices are coming down globally but in a relative way. However, cost poses a challenge because of the economic nature of our society today, and government is not making any efforts to provide infrastructure to lessen the burden of vendors of ICT device and system in the market.
CBN Pulls Rate Cut Trigger, King Dollar Returns
By Lukman Otunuga, Senior Research Analyst at FXTM,
In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100 basis points bringing the MPR to 11.5%. Given how inflation has been above target since 2015, rates were expected to remain unchanged for the rest of 2020 and possibly early 2021.
The question on the mind of many is whether the rate cut will achieve the desired effect by stimulating consumption and economic growth? Ongoing border closures and disruptions created by COVID-19 have pushed inflation to levels not seen since March 2018 above 13.20% while a drop in the production and price of Oil continues to rub salt into the wound. While looser monetary policy could support growth, it may come at the cost of rising inflation and weaker Naira.
Over the past few months, central banks across the globe have deployed unprecedented measures to defend their respective economies against the coronavirus menace. However, fiscal policy has been identified as the sharper tool with governments across the world providing a critical lifeline to keep the wheels of their respective economies rolling.
Outside of Nigeria, King Dollar made a return by appreciating against every single G10 currency. In times of uncertainty, everyone wants a juicy piece of the world’s most liquid currency. As coronavirus cases rise in Europe and other parts of the world, the flight to safety is likely to boost appetite for the Dollar. This is bad news for many emerging markets currencies, especially those with high Dollar-denominated debt.
On the commodity side, Oil prices remain heavily influenced by demand-side factors and the state of the global economy. Prices are likely to remain stuck around the $40 regions in the near term, especially If another round of possible lockdowns hit Oil demand. Looking at the technicals, WTI Crude is under pressure on the daily charts. If prices are unable to break away from the sticky $40 regions, the next key point of interest remains around $38. A weekly close above $41.50 could pave a path towards $43.
NCC Arrests Man for Hacking into DSTV System
Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.
Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.
He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.
“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.
“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.
He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.
Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.
Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.
According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.
“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.
Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.
NCC, Digital Encode Support NITRA Innovative Tech Forum On Post-COVID-19 Strategies
The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator and Digital Encode, Cybersecurity and Compliance advisory company, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organizes a forum that will x-ray the industry’s future plans for ICT growth post pandemic era.
The event, slated to hold on October 15, 2020, will seek to discuss the needs for a fortified ICT sector after the COVID-19 era, and the level of preparedness of ICT stakeholders to embrace the challenge of being pivotal to the stability and growth of all other sectors.
A statement from NITRA National Secretariat in Lagos indicates that due to the pandemic and need to observe the COVID-19 protocol on social distancing, the event will be held via a Webinar.
This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.
Prof. Umar Danbatta, executive vice chairman, NCC is expected to deliver the keynote speech at the event and will throw more light on Federal Government’s plans, programmes and policies on post-pandemic strategies using ICT.
Dr. Adewale Obadare and Dr. Seyi Akindeinde, founders of Digital Encode, while accepting to support the event expressed their readiness to offer their expertise in Cybersecurity for organisations to prepare against cyber- attacks with the new normal.
They will also highlight areas that are high risks that need fortification in terms of cybersecurity.
Speaking on the event, Mr. Chike Onwuegbuchi, national chairman, NITRA, noted that as the COVID-19 pandemic continues to leave its negative trails across the globe, economic reboot for countries will not only depend on how well they readapt to the new normal, but also more on their recovery plans.
According to him: “While the federal government has consistently expressed its willingness to set all policies in place to engender growth, and accelerated implementation of these policies, private sector firms have also shown great hunger for the task ahead in post-COVID-19 era.
However, the question that needs to be answered is whether all stakeholders are ready for the required task ahead.”
The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.
Digital Encode is a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.
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