Business
NCC Committed to Tackling Telecom Infrastructure Deficit – Danbatta
NCC Committed to Tackling Telecom Infrastructure Deficit – Danbatta
AJAGBE ADEYEMI TESLIM
Sponsored by: H&H
The Nigerian Communications Commission (NCC) is irrevocably committed to the implementation of various regulatory initiatives and programmes, in collaboration with all stakeholders in the telecom ecosystem, towards bridging identified gaps and shortages in critical telecom infrastructure in the country.
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NCC, Prof. Umar Garba Danbatta, stated this during an in-house interview which took place at the Commission’s Head Office in Abuja recently.
The EVC emphasized the centrality of infrastructure to telecom service provisioning by asserting that availability of broadband in sufficiency was non-negotiable and irreducible in the nation’s strategy towards delivering pervasive telecom services.
Danbatta also put the efforts of Government in context towards addressing infrastructure gaps, and commended both state and non-state actors for the vision, diligence and continued dedication to the implementation of the Nigerian National Broadband Plan (NNBP) 2020-2025, an initiative of the Federal Government, being driven by NCC and conceived to address infrastructure gaps in the telecom and ICT sector.
The EVC said he was gratified that the new plan particularly took into consideration, the identified gaps and challenges in its precursor, the National Broadband Plan 2013-2018, which implementation the NCC was equally central to.
According to Danbatta, one of the identified gaps to robust connectivity was the fact that inadequate infrastructure remained a bane to achieving desired broadband penetration to boost access to services that will enhance economic growth and development.
He emphasised that the Commission recognises the importance of infrastructure expansion and this explains its unequivocal commitment and desire to see the licensed Infrastructure Companies (InfraCos) work speedily and with precision to cascade fibre to the hinterland, in order to enhance robust telecom service provision.
He said the InfraCo licensees, expectedly, also prioritize stipulated licensing conditions to ensure expected milestones set by the Commission are achieved.
The EVC stated that Commission’s target for licensing the infraCos was to ensure the deployment of fibre infrastructure needed for pervasive broadband penetration across the 774 local government areas (LGAs).
This, he said, will ensure access to telecoms services in the hinterlands of the country, and by so doing address the challenges of access confronting the unserved and underserved areas of the country.
Danbatta also placed on record Commission’s desire for inclusiveness as seminal to erecting sustainable telecom architecture.
This, according to him is critical in ensuring the achievement of Federal Government’s target on digital access and financial inclusion.
One visible area of beneficial financial service riding on telecom infrastructure is the provision of Unstructured Supplementary Service Data (USSD) for financial transactions across various financial institutions’ platforms.
This feat, Danbatta asserted, has brought ease to financial transactions, even as he recalled that NCC is providing support for e-payment initiatives and policies of the Central Bank of Nigeria (CBN), including the e-Naira project, which is the digital currency issued and regulated by the apex bank.
“So, the Commission is committed to ensuring inclusiveness by ensuring the provision of affordable and pervasive accessibility to the Internet as emphasised by the International Telecommunication Union (ITU) and the United Nations (UN).
We are aware that until commensurate infrastructure is deployed in the country, the country may not hit the required target necessary for the desired economic development,” the EVC added.
Additionally, Danbatta stated that the Commission has recorded remarkable progression with respect to contribution to Gross Domestic Product (GDP).
This is besides facilitating investment, enhancing Quality of Service (QoS) to enhance consumer quality of experience and stakeholder satisfaction in line with the expectations of the Strategic Management Plan 2020-2024.
He assured that Commission will heightened efforts in all areas of the Plan as streamlined in new Strategic Vision Implementation Plan (SVIP) 2021-2025, including facilitating strategic collaboration and partnering through which it has forged quantifiable strategic alliances with its ever-expanding array of stakeholders.
Concerning NCC’s pioneering strides in the deployment of Fifth Generation (5G) network in Sub-Saharan Africa, Danbatta explained that the rollout of 5G network in Nigeria will require more infrastructure for the service to reach all parts of the country.
He called for concerted efforts and unwavering commitment of all stakeholders for the nation to achieve steady, timely and accurate deployment of 5G services because of its benefits to individuals, businesses and the growth of the country.
Business
Fidelity Bank Supports Modupe Cole Memorial School, Lagos
Fidelity Bank Supports Modupe Cole Memorial School, Lagos
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
In continuation of its drive to alleviate the impact of economic hardship and suffering among indigent Nigerians, Fidelity Bank Plc recently donated food items to Modupe Cole Memorial Childcare and Treatment Home School in Akoka, Lagos.
CAPTION:
L- R. Tolulope Rojaiye, Team Member, Brand and Communications, Fidelity Bank Plc; Osho Olufunmilayo Bamidele, Vice Principal 2, Modupe Cole Memorial Childcare and Treatment Home School; and Victoria Mbonu, Class President, Intellect Nexus Inductee Class, Fidelity Bank Plc; during a Corporate Social Responsibility (CSR) donation event executed by Fidelity Bank at Modupe Cole Memorial Childcare and Treatment Home School, Akoka, Lagos recently.
The donation which aligns with the Bank’s Corporate Social Responsibility (CSR) pillars of education and health, was championed by the Intellect Nexus Class of 2024 under the Fidelity Helping Hands Program (FHHP). Through this initiative, Fidelity Bank staff identify community needs, raise funds to address them, and receive matching support from the bank to implement impactful projects.
Explaining the bank’s commitment to supporting its host communities, the Divisional Head, Brand and Communications Division, Fidelity Bank Plc, Dr. Meksley Nwagboh, noted that, “At Fidelity Bank, we recognise the symbiotic relationship we have with the communities where we operate. This informs our decision to not only provide our host communities with relevant financial services but to also impact them with developmental projects.
“We are inspired by the great work being done here at Modupe Cole Home School and our donation is a small token of appreciation for this as we aim to support the well-being of these exceptional children.”
On his part, the Vice Principal of the school, Mr. Isiaka Ajani, expressed gratitude for the bank’s consistent support noting that Fidelity Bank’s gesture is a huge encouragement to the school.
“We say thank you for the gift items that you have brought to us today, and this shows that we are not alone in the mission to provide care and education to children with special needs.
“This institution is a testament to the belief that there is ability in disability. We have children here who have passed common entrance examinations and gained admission into higher institutions despite their challenges. It is our mission to help them achieve their potential.
“The school had made effort to provide academic and vocational training programs in bead-making and hairdressing, and specialized care for residents with severe disabilities for its 476 residents, many of whom have been abandoned by their families.” He stated.
Fidelity Bank is a full-fledged customer commercial bank with over 8.3 million customers serviced across its 255 business offices in Nigeria and the United Kingdom as well as on digital banking channels.
The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.
Business
Access Bank to Host Pioneering Africa Trade Conference in Cape Town
Access Bank to Host Pioneering Africa Trade Conference in Cape Town
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape Town, South Africa, the conference is poised to bring together the most influential voices in trade, finance, and policy to address the future of commerce across the continent.
With Africa’s trade finance gap estimated at $81 billion annually, the conference aims to tackle the systemic challenges hindering trade, particularly for SMEs and domestic firms. By fostering collaboration among key stakeholders, the Conference will explore innovative solutions, sustainable trade practices, and strategies for expanding African economies into global value chains.
Roosevelt Ogbonna, Group Managing Director/Chief Executive Officer, Access Bank PLC, emphasised the importance of the Africa Trade Conference, in addressing these pressing issues. “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”
Access Bank’s presence across 24 countries globally, including 16 in Africa, provides a unique advantage in facilitating inter- and intra-African trade. The Bank’s growing network positions it as a key player in addressing trade complexities and promoting inclusive growth across the continent.
Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, highlighted the broader vision of the forum, saying, “The Africa Trade Conference is a platform to not only address Africa’s trade challenges, but to champion the continent’s opportunities. Through strategic partnerships, tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”
This flagship event will convene a distinguished line-up of seasoned speakers, and top executives from leading international banks, Development Finance Institutions (DFIs), and captains of industry in Africa.
The ATC will also shine a spotlight on the transformative potential of the Africa Continental Free Trade Area (AfCFTA), which aims to reduce trade barriers, enhance infrastructure, and integrate African economies into global trade networks.
Furthermore, the event will explore critical themes shaping the continent’s economic future, including the transformative role of digitisation and innovation in global trade, solutions for overcoming trade barriers to enhance market access, as well as sustainable trade practices and innovative financing models, thereby providing a comprehensive roadmap for advancing Africa’s position in global commerce. Please visit https://africatradeconference.accessbankplc.com/ for more information.
Business
Union Bank Rewards 360 Customers with N21 Million in First Save and Win Palli Promo 4 Draw
Union Bank Rewards 360 Customers with N21 Million in First Save and Win Palli Promo 4 Draw
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Union Bank, Nigeria’s leading financial institution, has kicked off its Save and Win Palli Promo 4campaign on a high note following the announcement of its first set of winners in its inaugural monthly draws.
The first live draw of this season, which took place at the Bank’s Head Office in Marina, Lagos, rewarded 60 customers with ₦100,000 each. Additionally, 300 other winners went home with ₦50,000 worth of gift vouchers during the inaugural live draw, which was conducted transparently and digitally under the supervision of relevant regulatory bodies. The winners cut across the nation.
Speaking at the first monthly draw, Gloria Omereonye, Union Bank’s Area Business Executive for Lagos Island 1, stated, “Union Bank is always dedicated to rewarding customers for their loyalty and financial discipline.
We are pleased that our promo has continued to achieve its noble goals of providing succour to our customers through our gifts and rewards, especially in these economically trying times, while facilitating a sustainable savings culture for future goals and objectives.”
Save & Win Palli Promo is a nationwide campaign designed to reward both new and existing customers with cash prizes. Season 4, which began in December 2024 and runs until May 2025, offers customers the opportunity to win ₦131 million in cash prizes, Motorcycles, Tricycles, Fuel Vouchers, and a star prize of ₦5 million, which will be handed out to three lucky winners at the grand finale.
Open to new and existing customers, the Save and Win Palli Promo requires participants to save a minimum of ₦10,000 and perform a minimum of five transactions monthly to qualify for draws. Monthly winners can receive ₦100,000, while quarterly draws will reward lucky savers with Motorcycles, Tricycles, and other exciting prizes.
Customers who save in multiples of ₦10,000 will increase their chances of winning.
New customers can join the promo by downloading the UnionMobile app to open an account or visiting any Union Bank branch.
Existing customers can reactivate accounts by calling the 24-hour Contact Centre at 07007007000 or visiting a branch.
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