Business
NDSF 2023: Stakeholders Restate Importance of 5G Services
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
They also noted that 5G technology has enhanced capabilities that will provide superior communications services for the socio-economic development of Nigeria and facilitate attainment of a national digital economy.
Speakers at the 2023 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D) with the theme “5G Data Governance, Safety and Security in Nigeria,” organised by ITRealms Media Group, made these assertions.
Leading expert speakers at the forum in his keynote, the Executive Vice Chairman/Chief Executive Officer (CEO), Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta said that data is critical to the digital economy, and assured that NCC is building robust legal frameworks for data governance.
“As we embrace the transformative potential of 5G, we must also prioritize safety concerns,” he asserted.
Danbatta, who was represented by the Head of New Media, NCC, Dr. Chidi Diugwu, said that the amount and speed of data generated using 5G technology is unprecedented and beckoned on citizens to embrace it and use it to the fullest.
As such, he pointed out the need to always prioritize consumer privacy, transparency and ethical data use. Maintaining that by cultivating trust and handling data responsibly, would unlock the full potentials of 5G technology and promote innovation in Nigeria.
“To ensure the security and protection of networks and consumers, the Nigerian Communications Act mandates its licensees to prevent their network facilities or services from being used in, or in relation to, the commission of any offence under any law in operation in Nigeria. In this regard, licensees are required to assist the Commission and other Law Enforcement Agencies in preventing crime in Nigeria,” he said.
The chairman of 2023 Nigeria DigitalSENSE Forum (NDSF) and President, Computer Society of Nigeria (NCS), Prof. Simon Adesina Sodiya, said the internet is a global connection of networks, that provides opportunity for people to share information in order to connect to one another.
Also, Sodiya said, the internet is like an open space, which any body could use for communication, connection, sharing resources, hence most organisations, individuals are connected to internet.
On the internet, Sodiya explained that the importance of data security and governance cannot be over emphasized, thus the essence to come up with guidelines, procedures, rules, for realistic usage of internet.
“It will not be done by government alone, it is multi-stakeholders efforts, which include government agencies, civil society organisations, individuals, and ICT professionals among others,” Sodiya said.
The chairman of 2023 NDSF equally noted that internet governance is very important because there are lots of criminal activities going on in the internet, however people who fall victims are not aware of these cyber criminals.
“Apart from criminal activities, we should not forget that our children are in schools and have been given opportunity to use internet. They should use it for something meaningful that will develop their life positively and not negative aspects. For instance, I have seen a father who said he found his 12-year old child watching porn videos,” he said.
What government needed to do, according to Prof Sodiya is to educate parents on how to provide use of internet for their children. Advising that parents should block some aspects of internet that might endanger the life of their children.
The Business Development Executive, Wizzhub Technology Limited, Mr. Uzor Francis, said he educated participants on benefits of 5G, such as speed carrying capacity, how much integral benefits and inter-connectivity of the devices that internet offers, as 5G enables most of these things.
About challenges of 5G, especially on security, Uzor said that will require enlightened participants on some of the measures, urging Nigerians to mitigate the challenges they may face while using 5G mobile services.
“It is important that 5G goes round not only to the cities but also in the villages so that everybody has access to it, to enhance connectivity for communications through the internet,” he said.
Uzor decried some myths and misconceptions about 5G that it causes virus such as COVID-19, pandemic, which is not true, therefore Nigerians should adopt it because 5G is fast and safe.
The Principal Consultant, CyberCode Limited, Mr. Olatunji Igbalajobi, in his contribution said 5G technology has come to stay in Nigeria to enhance internet connectivity and encourage development.
Nigeria, as a country, he said, needs to get it right in terms of data governance, and urged government at all levels to act fast to ensure relevant structures are in place to ensure data governance and safety.
Earlier while welcoming participants, the Lead Consulting Strategist at DigitalSENSE Africa and Group Executive Editor, ITREALMS Media Group, Mr. Remmy Nweke, noted that 5G mobile network is a new global wireless standard after 1G, 2G, 3G and 4G respectively.
Nweke highlighted that 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects and devices.
5G wireless technology, Nweke said is meant to deliver higher multi-Giga bits per second (Gbps), peak data speeds, ultra-low latency, more users, higher performance and improved efficiency thereby empowering new user experiences and connecting new industries.
He recalled that DigitalSENSE Africa is a certified At-Large Structure (ALS) by the Internet Corporation for Assigned Names and Numbers (ICANN) and powered by ITREALMS Media group, while NDSF was hosted in collaboration with the Nigeria Communications Commission (NCC) among stakeholders in the country.
Nweke commended NCC, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Nigeria Computer Society (NCS), Internet Exchange Point of Nigeria (IXPN), FirstBank, Nigeria LNG Limited, WizzHub Technologies, D|NS Women Nigeria and a host of other stakeholders for partnering with this 14th edition of NDSF series.
Further, he applauded the speakers faculty for the 2023 NDSF including the President, Guild of Corporate Online Publishers (GOCOP), Ms Maureen Chigbo; Executive Director, Domain Name System Women (DNS Women Nigeria), Mrs Nkem Nweke and Ms Tinuade Oguntuyi of Internet Society (ISOC Nigeria) and assured that next edition will be an exciting session.
Business
Access Bank Secures DFIs’ USD 100 Million Facility led by German DEG for MSMEs and Gender Equality in Nigeria
Access Bank Secures DFIs’ USD 100 Million Facility led by German DEG for MSMEs and Gender Equality in Nigeria
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Bank Plc has successfully closed a USD 100 million senior loan facility with a consortium of Development Finance Institutions (DFIs), led by the German DFI DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, and supported by FinDev Canada, Amsterdam-based asset manager ILX, as well as Austrian DFI OeEB, Oesterreichische Entwicklungsbank AG.
This significant financing will support privately-owned MSMEs, small corporates, and family-owned businesses across Nigeria, with a particular focus on promoting female entrepreneurship and economic empowerment.
At least 30 per cent of the facility will be dedicated to gender lens investing in the spirit of the 2X Challenge, ensuring that women-owned and women-managed businesses are prioritised. This initiative is crucial in Nigeria, Africa’s most populous country, where supporting women entrepreneurs and MSMEs can drive job creation and contribute to reducing inequality.
Roosevelt Ogbonna, Group Managing Director of Access Bank Plc, commented on the partnership, saying:
“At Access Bank, we remain steadfast in our commitment to driving economic transformation and fostering inclusive growth across all the countries we operate. This partnership not only strengthens our ongoing efforts to empower women in business but also reinforces our support for Nigeria’s MSME sector, which plays a pivotal role in the country’s economic development. Through strategic collaborations like this, we continue to enhance opportunities for underserved communities, and we look forward to building on this success to impact even more lives across Africa.”
This facility marks the fourth collaboration between DEG and Access Bank Group, but it is also the first time in their eight-year partnership that DEG’s has acted as the lead arranger. DEG’s investment in the deal amounts to USD 25 million, strengthening the long-term relationship between the two institutions.
Also, Roland Siller, CEO of DEG shared his thoughts on the partnership, stating that:
“This financing marks a major step in our ongoing commitment to supporting inclusive growth in Africa. By partnering with Access Bank, we are not just empowering women entrepreneurs and strengthening MSMEs but also investing in the future of Nigeria’s economy. This collaboration, which has blossomed over the last eight years, goes beyond just providing funding and speaks to our shared commitment in creating sustainable, long-term opportunities that foster job creation and innovation. At DEG, we are focused on helping businesses in developing and emerging markets thrive, offering not just financial support but also advisory services that help them scale and succeed. Our work with Access Bank is a clear example of how we can build stronger economies through impactful, sustainable investments.”
In 2024, Access Bank made significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades. Through various corporate social investment initiatives in education, entrepreneurship, health, and the environment, the Group reached over 21 million individuals across Africa. Through its W-Initiative, the Bank disbursed loans to over a million women-led SMEs, advancing financial inclusion and gender empowerment.
Business
Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum
Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
At the Africa CEO Forum, leaders from across the continent gathered to discuss the critical role of private sector-led growth in the development of African trade and market integration under the topic “Fast-tracking African Integration: The Private Sector Imperative”.
The session, which was one of the highlights of the 2-day event in Abidjan, saw Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, join Wamkele Mene, Secretary General of the AfCFTA, and Samaila Zubairu, President & CEO of Africa Finance Corporation (AFC), in a powerful conversation focused on the opportunities and challenges for Africa in the face of shifting global trade dynamics.
The panellists were united in their belief that Africa’s transformation hinges on the development of regional value chains, the scaling of intra-African trade, and the need to build both financial and infrastructural capacities that will enable economic integration. In his remarks, Ogbonna underscored the potential for the continent to reframe its narrative and urged African nations to embrace their strengths.
He stated, “Years ago, if you told someone something was made in China or Taiwan, it was often seen as inferior. Fast forward 30, 40 years, and now ‘Made in China’ is a symbol of quality, and ‘Made in Taiwan’ commands respect globally. The difference? These countries built a strong domestic market that allowed them to scale, build proficiency, and innovate. Africa is no different. We have everything we need, from abundant raw materials and vast natural resources, to a youthful population and fertile land. There is no reason why Africa has not yet transformed itself into the powerhouse we know it can be. Africa has what it takes to win, and my charge remains the same as I gave during our inaugural Africa Trade Conference in South Africa: Buy Africa, it’s not inferior!”
Mene and Zubairu echoed Ogbonna’s sentiments, with Mene highlighting the tangible steps taken to drive integration, such as the introduction of the e-Tariff Book and the AfCFTA Adjustment Fund. Zubairu emphasized the critical need for synergy between public and private investment to address Africa’s infrastructure gaps and finance its development priorities.
The discussion also focused on the barriers preventing the scaling of intra-African trade, notably the lack of adequate logistics and transport infrastructure. The Pan-African Payments and Settlement System (PAPSS) was highlighted as a potential game-changer in unlocking new cross-border trade opportunities by facilitating smoother payments and transactions.
Ogbonna reinforced the importance of private sector involvement in regional trade, particularly for micro, small, and medium-sized enterprises (MSMEs). “Africa’s MSMEs are the backbone of its economy,” he said, “yet they face a trade finance gap of around $120 billion. Financial institutions must innovate to close this gap and provide the liquidity these businesses need to grow and scale.”
As Africa continues to explore new avenues for trade and investment, Ogbonna’s message resonated with the audience: the time is now for Africans to believe in Africa, invest in Africa, and transform the continent into the economic powerhouse it is destined to be.
Business
Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day
Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Jamara Home, one of Nigeria’s leading destinations for electronics and home appliances, celebrates this year’s Mother’s Day with heartfelt appreciation and a variety of items to help customers honor the incredible women in their lives.
From practical everyday solutions to thoughtful lifestyle upgrades, Jamara Home has in stock a wide selection of products to suit every type of mum because every mother deserves to be celebrated in a way that’s as special as she is.
Rabi Jammal, Managing Director of Jamara Home, says: “We see mothers as the unsung heroes of our everyday lives. This celebration gives us an opportunity to express our gratitude and to help our customers do the same through products that are thoughtful, meaningful, and heartfelt.”
Customers can shop a curated lineup of top-quality essentials and gifts, including:
Gas Cookers for dependable everyday cooking.
Refrigerators and Freezers to keep meals and moments fresh Smart TVs for entertainment that brings the family together Air Conditioners for cool, comfortable living Kitchen Tools & Appliances for enhancing convenience and creativity in the home With showrooms located in Lagos and Port Harcourt, Jamara Home has become a trusted household name known for quality products and customer-focused service.
The brand’s seamless omnichannel presence, combining user-friendly online shopping with physical retail experiences, ensures convenience and authenticity at every touchpoint.
To explore the full range of exceptional products by top brands from Jamara Home, visit the online store or locate the nearest Jamara Home showroom.
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