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Trade Imbalance: Dark Cloud Hangs over Nigeria, SA Relations

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Like a wild wind, South African companies have completely overrun Nigeria leaving the country and its nationals at the outskirt of the economy seen as one of the largest and most financially rewarding on the African continent, Nigeria CommunicationsWeek can now reveal.
The reverse is the case in South Africa as Nigerians and their businesses suffer discrimination and exclusion.
South Africa’s invasion and resultant control of the economy was helped by Nigeria’s desperation for foreign investments and hasty opening up of the sectors before the right conditions are present.
Nigeria CommunicationsWeek gathered that unlike South Africa, there is currently no restriction on foreign nationals or foreign entities doing business in Nigeria as they are only required to incorporate a local vehicle registered with Nigerian Investment Promotion Commission (NIPC) before commencing business.
But in South Africa, there have been reports of how South African authorities insist on stringent measures against Nigerian businesses.
For instance, Main One, a trans-Atlantic submarine fibre-optic cable network promoted by Main Street Technologies was reportedly denied landing on the ground that nationals of the former apartheid enclave do not have controlling shares in the company.
Seizing the opportunities presented by Nigeria’s lax environment, South African entrepreneurs who have built up capacities (technical, financials and other know-how) during the prolonged apartheid regime started heading to Nigeria in the mid 90s.
Unlike their home country with a little over 47-million people, the market in Nigeria with more than 150 million people is still largely untapped.
Nigeria CommunicationsWeek gathered today, from information and communications technologies (ICTs), shopping, tourism, construction, energy, aviation, entertainment to revenue collection, South African firms are in control.
In South Africa, apart from hundreds of Nigerian expatriates in that country’s schools, hospitals, manufacturing firms, there is no record of Nigerian businesses.
Even the ballot papers used in the 2007 general elections in Nigeria were printed in South Africa.
The bad news is that rather than enjoy the benefits of the influx of the foreign companies, Nigerian economy is under pressure as the foreign firms determine what to produce and at what price Nigerians must buy.
Most of the foreign businesses are also perversely established as portfolio investment in paper assets that could quickly flow back out of the country.
Patrick Omokhidion, a security adviser said, “the security and economy implication will be far reaching at the end of the day.”
He said further “if South Africans suddenly withdraw from the country, Nigeria will be worse than Somalia, recall what happened to Asian countries when some portfolio investors left overnight.”
Nigeria CommunicationsWeek gathered that the control of country’s economy by the South Africans started sore-footedly at the end of the obnoxious apartheid regime in 1994 and has over the last 11 years turned to an invasion.
Nigeria’s notoriety as haven for scams, worsening human rights records and one of the world’s most corrupt nations did not deter the aggressive South Africans. Not even the dearth of infrastructure.
The South Africans have been painstaking and deliberate in choosing the sectors they are dominating now. The sectors they play in are all essential.
Tola Awe, a public affairs commentator, said that South Africans are filling the voids left by Nigeria’s heartless and visionless administrators with fixation for accumulation of wealth for their children unborn.
But who will blame the South Africans who have kept faith with Nigeria as the Western world, shocked by the brazen pillage of Nigeria by its own citizens shunned the largest country on the African continent. Successive military rule and record of policy summersaults did not help matters.
Suddenly realizing that bilateral relations between the two countries are skewed in favour of the South African, Nigeria is now crying foul.
But as Nigeria cry, South African entrepreneurs smile to the banks here while there were little or no opportunities for Nigerians to do real business in the opposite direction.
Goodluck Jonathan, acting President was even more vocal November last year at celebrations to mark a decade of bilateral ties under the aegis of the Nigeria/South Africa Bi-National Commission (BNC).
“Some Nigerians have questioned the very rationale for the BNC if our relations and the benefits they confer are so skewed and if South African authorities are engaged in alleged acts of discrimination against Nigerian visitors, residents and businesses in South Africa,” he said.
Patiently waiting for Jonathan to finish, Bongi Maria Ntuli, South Africa’s deputy Trade and Industry minister said that Nigeria is her country’s second largest trading partner on the continent.
“As an open economy, we welcome new investment and collaborative partnerships in key areas of opportunity – all uniquely poised to deliver real competitive advantage,” Ntuli said.
BNC, founded a little over 10 years is still dogged by problems of handshake across the borders, visa restrictions and unnecessary bickering.
Since the launch of the BNC, trade between the two African economic giants has leapt from $16.5 million in 1999 to $2.1 billion in 2008.
Nigeria CommunicationsWeek investigations however revealed that the balance of trade is in favour of the South Africans.
Proffering solution, Emmanuel Ekuwem, president, Association of Telecommunications Companies of Nigeria (Atcon) urged the two countries go to the negotiation table and iron out the grey areas in their relationship.
He insisted that there must a symbiotic relationship between the two countries to ensure that Africa’s resources remains in Africa.
“Nigeria economy is the largest economy second to South Africa in the continent, the relationship between the two countries should be win-win, so as Nigeria opens up her borders economy to the South Africans, there must be reciprocity by South Africa,” Ekuwem added.
Most Nigerians agree that the country should get more from the South African businesses  which have freely made record profits that are sent back home to subsidize the expensive life style of their promoters.
They are also united that in call for appropriate rules and customs to handle trade between countries or between private companies across borders.

 

 


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UK Pledges €1Bn to Fight against Malaria in Nigeria

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The UK has pledged £1 billion to Nigeria’s fight against malaria and other diseases from 2024 to 2026.

UK Pledges €1Bn to Fight against Malaria in Nigeria

Ebere Anyachukwu, health adviser at the British High Commission, announced this on World Malaria Day in an interview with NAN.

This contribution supplements existing funds from other donors and will primarily support the procurement of insecticides, treated bed nets, malaria diagnostics, and chemoprevention efforts.

“There are some states in Nigeria where malaria is seasonal. Those are states where chemoprevention is used to prevent children from coming down with malaria,“ he said.

“In those states, malaria spreads in a few months within a year, and during that period, there is a high level of malaria transmission in children, resulting in lots of deaths.”

The health adviser said children in such states are usually given malaria drugs, whether or not they have the infection.

He said the UK is a big contributor to the global fund, currently supporting about 13 states in Nigeria.

He listed the states to include Adamawa, Delta, Gombe, Jigawa, Kaduna, Kano, Katsina, Kwara, Niger, Ogun, Osun, Yobe and Taraba.

“With the global funding support, there has been a significant reduction of malaria-related deaths in children in Nigeria,“ Anyachukwu said.


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60 Hearty Cheers to Chioma Ekeh, Africa’s Leading Unusual Female Tech

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The story has often been told in tech circles of how a relatively unknown Nigerian female student became a sensation of sorts among the international student population back in the early 80s in India owing to the unusual course of study she was undertaking.

60 Hearty Cheers to Chioma Ekeh, Africa’s Leading Unusual Female Tech

Chioma Ekeh

Electing to study Mathematics at Bachelor’s degree level – a course that required not only battling differential equations, calculus, advanced algebra, and so on, but also pitting one’s wits against that of wizened professors – is not a task for the faint-hearted. But that was the path that this unusual lady took at Punjab University, located in the culturally rich and aesthetically pleasing city of Chandigarh, India.

It was a decision that would lead Chioma Ekeh (nee Emelonye) along the path of meeting the love of her life, a certain Leo Stan Ekeh and returning to Nigeria with him to play a leading role in shaping the course of technology distribution in Africa.

Undoubtedly, unusual may also be a word that defines Chioma and Leo Stan Ekeh’s remarkable journey together. A power couple and exemplary partners who have worked together for over 30 years building a successful technology empire is a rarity, one that is not often seen.

That sojourn to India and her subsequent career trajectory laid the groundwork for the impressive reputation Chioma Ekeh has built in the highly competitive technology space. Business associates and representatives of global brands never fail to cite her intellect and brainpower.

Job seekers who cross her path during interviews often recall being asked to solve a simple arithmetic problem. For those who eventually become employees, there is never-ending adulation.

Her husband, Leo Stan Ekeh, describes her as the integral analytics, the backbone behind the brilliant success of the Zinox Group where she has continued to support all the businesses across the board.

Such is the cerebral aptitude of this unusual woman that she is reported to have taken the stage once at a company-wide business review to present a financial report punctuated by humongous accurate numbers, figures and percentages, all from memory and without recourse to any notes, a device or an actual presentation document.

Born on April 25, 1964, the story of the impressive diffusion, accessibility, useability and affordability of cutting-edge technology devices and solutions in Nigeria and indeed, sub-Saharan Africa will be grossly incomplete without a detailed citation on Chioma Ekeh and the leadership role she has played – one she has continued to play as a silent innovator and disruptor–alongside her legendary spouse.

A Fellow of the Chartered Institute of Certified Accountants (FCCA, UK), Mrs. Chioma Ekeh is the brains behind TD Africa, a regional technology distribution powerhouse headquartered in Nigeria and with branches across Africa and in four other continents.

A company she led from start-up stage, TD Africa with Chioma Ekeh as CEO, pioneered ICT distribution in Sub-Saharan Africa and has remained the industry leader by market share in the region and the biggest provider of credit to resellers.

Founded in 1999, TD Africa is Africa’s leading distributor of technology and lifestyle products, boasting an unmatched and growing network of partnership with global brands like HP, Microsoft, Apple, Starlink, IBM, Dell Technologies, Ring (by Amazon), Cisco, Lenovo, APC by Schneider Electric, Samsung, Bosch, Phillips, Logitech, Vivo, among several others. Under Chioma’s exemplary leadership, the company has achieved numerous milestones, earned a long list of local and international awards/accolades and ensured Nigeria and indeed Africa is reckoned with at the global table of technology conversations and discussion-making.

However, this remarkable story may have turned out differently, had Chioma not returned to Nigeria under the guidance of her husband.

Armed with a formidable Mathematics degree after completing her studies in India, Chioma had the world at her feet and was the toast of leading companies the world over.

Moving to the United Kingdom at the invitation of her husband, Chioma joined the exalted league of Chartered Accountants and thereafter, bagged an MBA at the reputable Heriot Watts University.In 1987, she joined Sterling Deveraux as an Investment Analyst, engaging in researchand analyzing assets, such as stocks, bonds, currenciesand commodities.

Her acumen and exceptional skills were growing in demand and before long, she left Sterling Deveraux, joining the London Borough of Lewisham as an accountant in 1988.

Between 1988 and 1991, Chioma’s sterling work saw her rise swiftly through the ranks at the London Borough of Lewisham, moving from Accountant to Senior Auditor and then to Financial Auditor.

Certainly, Chioma Ekeh had a clear path to becoming CFO and possibly CEO at the London Borough of Lewisham or even going on immediately to taking up other elevated roles at other organizations. But the love of motherland and the call of her husband – Leo Stan Ekeh – to return home to Nigeria with him and build a technology legacy for Nigeria and Africa proved too strong.

Back home, Chioma Ekeh’s initial area of responsibility was with Task Systems Ltd., the first of many companies in the Zinox Group set up by Leo Stan Ekeh.

She took up the position of Financial Controller and spent six achievement-filled years at Task before driving the vision of technology distribution birthed by her husband in launching TD Africa where she became the company’s pioneer CEO.

A quiet, unassuming tech icon, Chioma Ekeh has acquired a well-deserved status as unarguably one of Nigeria’s top three leading Women-in-Tech, a female technology business leader with extensive years of proven capacity in building high-performing teams and transforming businesses beyond stakeholders’ expectations.

In partnership with her husband, Chioma Ekeh has played immense roles in growing and nurturing partner businesses, launching several thriving new businesses and successfully closing some of the biggest acquisitions in the technology space in Nigeria.

The Tech Experience Centre – Africa’s first technology experience centre – located at Yudala Heights, a sprawling edifice in the heart of Victoria Island – is another project that has Chioma Ekeh’s indelible signature on it.

The launch of the Tech Experience Centre in October 2020 received high praise from the Nigerian government and representatives of global Original Equipment Manufacturers (OEMs).

Under her guidance, Celebrating You, an annual showpiece celebratory event hosted by TD Africa has become unarguably the biggest year-end event in the Nigerian technology industry for over a decade.

Also, she has spearheaded several CSR projects, including The Herwakening – an empowerment programme for female entrepreneurs– and Girls in ICT – a project targeted at encouraging young girls to take up STEM (Science, Technology, Engineering, Mathematics) disciplines and considering careers in technology.

As she turns 60, Chioma Ekeh deserves rarefied mention and unmitigated encomiums. An amazon, this unusual female tech icon who has shattered several glass ceilings, knows no fatigue and has continued to innovate, effortlessly leading from the front.

 

 


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Academic Technologists Propose N350,000 Minimum Wage

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National Association of Academic Technologists (NAAT), has proposed N350,000 as the new minimum wage for Technologists in the tertiary institutions.

Academic Technologists Propose N350,000 Minimum Wage

Comrade Ibeji Nwokoma, national pesident of NAAT, stated this at 5th National Delegate Conference in University of Abuja.

Nwokoma, said the proposal was based on the present economic situation in the country occasioned by the removal of fuel subsidy, high inflationary rate and the attendant hardship.

Nwokoma maintained that technology rule the world and advanced development and shaping the landscape of education in developed countries.

Prof. Tahir Mamman, minister of Education, said the federal government will soon introduce the policy that will make skill acquisition compulsory for primary and secondary schools.

The minister said global space is driven by technology which the advanced world is using to solve problems and gaining grounds.

The Union protect, defend, and promote the rights and well being and interests of all members and to advance the cause of members, employed in Nigerian Tertiary Institutions Universities, Polytechnics, and Colleges of Education.

The theme of the conference is, “Technology, a recipe for national development and socioeconomic growth in the 21st century: the Nigeria quest for a better tomorrow.”

 

 


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