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FG, Huawei Awards 1000 Nigerian Civil Servants

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  • FG, Huawei Awards 1000 Nigerian Civil Servants

The Federal Government of Nigeria in collaboration with global leading ICT firm, Huawei Technologies Company Nigeria Limited, closed out the training for 1000 Nigerian civil servants under the ICT for change programme with a closing award ceremony.

The ceremony which held at the Abuja International Conference Centre, had in attendance the office of the Secretary to the Federal Government (SGF), who was represented by the Permanent Secretary General Services Office, Mr. Olusegun Adeyemi Adekunle, the Minister of Communications, Dr. Isa Pantami, the office of the Permanent Secretary of the Federal Ministry of Interior represented, the Honourable Ambassador of the People’s Republic of China to Nigeria, Mr. Zhou Pinhjian, as well as the Vice President of Huawei Technologies, Mr. Chen Zhijun and other top management of the company.

The ICT for Change program is a Memorandum of Understanding (MoU) signed between the Federal Government of Nigeria and Huawei Technologies Company Nigeria Limited as part of Huawei’s CSR initiatives aimed at supporting the automation of government processes in Nigeria. The program had two phases which were to train 2000 Nigerian youths and 1000 Nigerian Civil Servants on core ICT capacity. On the 25th of October 2018, the company signed the MoU to proceed on the second phase of the training for the civil servants and started the program on the 14th of January 2019. The program which had 19 batches of civil servants was completed on the 28th of June 2019 having trained a total of 935 public servants drawn from 101 Ministries, Departments and Agencies (MDAs).

At the closing ceremony, the Secretary to the Federal Government (SGF), Mr Boss Mustapha, represented by the Permanent Secretary General Services Office, Mr. Olusegun Adeyemi Adekunle, expressed his delight on the successful conclusion of the training program. He stated that “on behalf of the Federal Government of Nigeria, I wish to sincerely thank Huawei Technologies for this partnership in fulfilling their corporate social responsibility as a reputable global organization. This gesture is highly commendable and we look forward to more of such programmes that seek to compliment Federal Government’s commitment to deliver good governance.”

“The ICT For Change program has tremendously increased the knowledge of the participants in the areas of Human Capacity building in developing ICT trends, Innovative ICT & Building Smart City, Internet of Things Trends and Solutions, E-Government, Cloud technology, web design and maintenance, Microsoft Word training, Software-Defined-Networking (SDN), etc.” he added.

The SGF also stated that the programmes were also in alignment with the Federal Civil Service Strategy and Implementation Plan (2017 -2020) which seeks to enhance the capacities and capabilities of Ministries, Departments and Agencies (MDAs) in their performance and delivery systems.

The Minister of Communications, Dr. Isa Pantami, expressed his appreciation to Huawei Technologies for its continuous partnership with the Nigerian government – ministries, departments and agencies. He stated that “Capacity building is critical to achieving digitization in the country and Huawei Technologies through this training is contributing significantly to the mandate of the present administration to drive a fully digital government ecosystem”. According to the Honourable minister, trainings as this which improve digitization also significantly contribute to poverty alleviation in the country which is a core mandate of the present administration.

The Honourable Ambassador of the People’s Republic of China to Nigeria, Mr. Zhou Pinhjian, acknowledged that “Civil servants play an essential role in the effective and efficient running of government. With the ever wider spread and application of ICT in our society, civil servants everywhere are confronting more and more ICT-related challenges in formulating and implementing policies.”

“I wish to express my sincere appreciation to the Office of the Secretary to the Government of the Federation (OSGF) for its deep trust in Huawei, an integral part of Nigeria’s ICT ecosystem and a leading ICT giant of the world which we Chinese are very proud of. The efforts made by the OSGF in partnership with Huawei to enhance ICT training are highly commendable, as capacity building initiative is one of the eight major initiatives announced at the FOCAC Beijing Summit last September.” The ambassador added.

He assured a good working relationship between the both countries stating that “China remains committed to enhancing exchanges and cooperation between competent authorities of China and Nigeria, sharing good practice in each other’s ICT development, seizing the opportunity presented by the digital economy, encouraging companies to carry out cooperation in ICT infrastructure, the internet and the digital economy, and working together to narrow the digital divide and promote the building of an information society in Nigeria and China.”

Huawei Technologies Vice President, Mr. Chen Zhijun, stated that “In Nigeria, ICT has played a crucial role in providing the requisite tools that support the diversification of the economy. ICT has contributed over 10% of Nigeria’s GDP. Furthermore, World Economic Forum predicts that by 2025, some 1.9 million jobs and $20 billion in additional GDP will accrue to Nigeria as technology continues to offer people new opportunities to engage in online platform work and transition from informal to formal jobs.”

“The ICT for Change program is a part of Huawei Nigeria’s efforts in skill transfer and talent fostering. At Huawei, we believe that people are the most important and valuable asset. Investment in people is investment in future. Huawei Nigeria is determined and committed to walking this journey with Nigerians to boost availability, accessibility and affordability of ICT services to turn digital inclusion into social and economic inclusion, with our vision and mission to bring digital to every person, home, organization for a fully connected and intelligent world.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Fintech

From Trading to Credit: Robinhood Launches No-Fee Credit Card with Gold Membership Perks

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Robinhood

Robinhood Markets Inc. has announced the launch of its highly anticipated no-fee credit card and it was accompanied by exclusive perks for Gold membership subscribers.

This bold move is a step in the company’s mission to evolve into a comprehensive financial services provider.

The Robinhood Gold Card boasts an array of enticing features. Chief among them is the absence of annual costs or foreign transaction fees, positioning it as an attractive option for consumers seeking financial flexibility.

Moreover, cardholders stand to benefit from a generous 3% cash back on all categories of purchases, a competitive offer in comparison to industry rivals.

Vlad Tenev, CEO of Robinhood, emphasized the company’s commitment to innovation and industry leadership in an interview.

He expressed the intention to not merely introduce a credit card, but to revolutionize the market with a product that sets new standards for customer satisfaction and financial empowerment.

The announcement has sparked enthusiasm among investors, with Robinhood’s shares witnessing a 6.9% surge in early market trading following the news.

This surge further underscores the market’s confidence in the company’s strategic direction and its potential to disrupt traditional financial services.

Beyond the credit card venture, Robinhood has been steadily diversifying its offerings. With the introduction of retirement products and the expansion of commission-free trading services internationally, the company is positioning itself as a formidable player in the global finance landscape.

As Robinhood continues to innovate and expand its suite of services, its trajectory suggests a promising future as a leading force in democratizing access to financial tools and services.

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Telecommunications

NCC Files Copyright Infringement Charges Against MTN Nigeria and Others

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Karl O Toriola - Investorsking.com

The Nigerian Copyright Commission (NCC) has taken legal action against MTN Nigeria Communications Ltd. and four individuals, including its Chief Executive Officer, Karl Toriola, over alleged copyright infringement.

The charges, filed in the Federal High Court, Abuja Division, revolve around the unauthorized use of musical works belonging to artist Maleke Idowu Moye.

According to the NCC, the defendants are accused of offering for sale, selling, and trading musical works of Maleke without his consent between 2010 and 2017. These works were allegedly used as Caller Ring Back Tunes without proper authorization.

The musical pieces in question include popular tracks such as “911,” “Minimini-wanawana,” and “Stop racism,” among others.

The commission further alleges that the defendants distributed these musical works to subscribers without authorization, infringing upon the rights of the artist.

The charges are based on provisions of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

As the case awaits assignment to a judge and a fixed date for mention, it marks a significant development in the ongoing efforts to uphold copyright protection in Nigeria’s telecommunications sector.

This legal action underscores the NCC’s commitment to safeguarding the intellectual property rights of artists and creators within the country.

MTN Nigeria, a major player in the telecommunications industry, now faces a legal battle that could have broader implications for how intellectual property rights are respected and enforced within Nigeria’s digital landscape.

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Telecommunications

MTN’s MoMo Sees 32.2% Surge in Transaction Volumes

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MTN Nigeria - Investors King

MTN Group’s mobile money platform, MoMo, has experienced a 32.2% surge in transaction volumes.

With 72.5 million active users, MoMo continues to solidify its position as a leading fintech service provider in Africa, tapping into the continent’s burgeoning mobile banking sector.

The company’s success underscores the growing trend of Africa’s young and tech-savvy population embracing mobile technology to address financial needs.

Mobile phones are increasingly becoming a tool for bridging gaps in services, particularly in banking, presenting a lucrative opportunity for wireless carriers like MTN to capitalize on the burgeoning fintech market.

MTN’s achievement comes as it finalizes a deal with Mastercard Inc., valuing its fintech business at an impressive $5.2 billion.

This strategic partnership further enhances MTN’s position in the digital finance space, positioning it for continued growth and innovation.

However, MTN is not alone in its fintech endeavors. Rivals such as Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd. are also making strides in digital transformation, with plans to separate and monetize their fintech businesses in the long term.

Airtel Africa, for instance, is reportedly considering an IPO for its mobile money unit, indicating the high stakes and intense competition within the sector.

Despite the remarkable success in its fintech ventures, MTN faced challenges in its core telecommunications business, with service revenue growth slowing to 6.8%.

Inflation and currency devaluation in key markets, particularly Nigeria, impacted profitability, highlighting the complexities of operating in diverse African markets.

As MTN continues to expand its fintech footprint and invest in infrastructure to enhance connectivity across the continent, it remains poised to capitalize on the immense potential of Africa’s digital economy.

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