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Ambode Advises Public Servants to be IT Compliant

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  • Ambode Advises Public Servants to be IT Compliant

Public servants in Lagos must be fully compliant with information technology (IT) as the country journeys on in the 21st Century, Lagos State Governor, Akinwunmi Ambode, has said.

Represented by the Commissioner, Ministry of Establishments, Training, and Pensions, Dr. Akintola Benson, at the ongoing workshop for public servants, he said the workers must begin and complete their work on computers and the internet to get the benefits of speed, scalability, and inter-operability of systems.

At the workshop tagged, “Strategic management and transformational leadership in the 21st Century-Agile Management Model”, he stated that this has become necessary as the state government and its institutions position to be adaptable to the changes of the unique challenges of the century.

He said the workshop was designed to further the commitment of the government to the fundamental transformation of the state public service.

Ambode added that the government has demonstrated that it will not be deterred in its determination to ensure the realisation of this vision.

He said from a citizen and governmental perspective, the key expectations from a 21st century public service are the ability to transplant private sector-tested management theories into the public service, realistic and practically-grounded policy formulation and execution. Others are the deepening of technical knowledge and utilisation of modern tools, the appreciation of the need to focus on details and, importantly, the prioritisation of productivity on individual levels in terms of time utilisation and work modalities.

He said: “I am confident that this training will address the practical steps to realise these expectations and many more that will be identified in the course of this training. It is gratifying to note that in Lagos State, we have a government that has boldly embraced this challenge of modernising governance and innovatively approaching the task of public administration. We are poised to examine those areas, processes and institutions and practices that need to be overhauled or remodeled in order to achieve this end.

“And as we journey on in the 21st Century and as the Lagos State government and her institutions position to be adaptable to the changes necessitated by the unique challenges of the century, the Ministry of Establishments, Training and Pensions recommended, and I have approved, that selected officers of the state public service be made to pioneer the service-wide adoption of a 21st century-compliant agile management model in the public service.

“Amongst others, this model has been shown to empower people, build accountability, encourage diversity of ideas, allow for the early release of benefits, and promote continuous improvement.

“It allows decisions to be tested and rejected early with feedback loops providing benefits that are not as evident in other scenarios. In addition, it helps deliver change when requirements are uncertain, helps build engagement with stakeholders on what is most beneficial, and ensures that changes are incremental improvements which can help navigate the shock of cultural change.”

“In order to deliver on its promises, the agile management model calls for public service institutions such as the Lagos State Public Service to be ready and open to integrating contemporary leadership principles and management theories into its modus operandi.

“In a review of the most recent developments in the field of business leadership, the number of business leadership styles and trends has been noted.”

He stressed that officers of the public service must deepen their technical skills and knowledge if they must be an integral and functional part of the 21st century-compliant agile management model.

He posited that many projects required the buy-in of members of the public many of whom are savvy enough to demand to see charts, diagrams, models, graphs and other tools before accepting the proposals or acknowledging the competence of those charged with the execution of the project.

“It is now the age of information technology and public servants have to begin and complete their work exclusively on computers and the Internet in order to claim the benefits of speed, scalability, and inter-operability of systems that the agile management model calls for. Agile management in the State Public Service also calls for officers to develop a penchant for laser-like focus on the minute details of projects and policies in their formation and execution. Policy makers can no longer afford to take their eyes off the ball of details.

Amongst others, there is now unprecedented and unrelenting attention by the public on the activities of policy makers.

“Added to this is the fact that these members of the public are savvy enough to evaluate policy proposals and to appreciate the ramifications of unattended details. Additionally, almost all policy proposals now have a thousand moving parts where every part has the potential, not only to affect the other parts, but also to have ramifications for other tangential policies and projects. Focus on details and attention to details is therefore of crucial importance for officers of the Lagos State Public Service in the context of agile management on the 21st century”, he said.

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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Telecommunications

Nigeria’s Mobile Subscriptions Drop by 5.4 Million in Q1 2024, NIN Enforcement Blamed

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Active mobile subscriptions dropped by 5.4 million in the first quarter of 2024, according to data from the Nigerian Communications Commission (NCC).

The total active mobile subscriptions stood at 219 million, a 2.4% decrease from the previous quarter’s 224.4 million.

This decline has been directly attributed to the stringent enforcement of the National Identity Number (NIN)-Subscriber Identity Module (SIM) linkage policy by the NCC.

Since its inception, the policy has aimed to bolster national security measures and enhance accountability within the telecom sector by mandating the linkage of mobile phone numbers to individuals’ unique NINs.

The regulatory directive, which came into effect in December 2023, required telecom operators to deactivate SIMs not linked to their owners’ NINs by February 28, 2024. The process unfolded in three phases with subsequent deadlines set for March 29 and April 15.

However, due to various challenges and requests for extensions, the final phase was postponed to July 31.

During this period, over 40 million lines, encompassing both active and multiple lines registered to a single subscriber, were reportedly barred by telecom operators.

The majority of these lines were found to be inactive, suggesting a considerable impact on non-compliant subscribers.

The National Identity Management Commission (NIMC) disclosed that as of April 2024, a total of 105 million Nigerians had enrolled for the NIN, indicating a widespread response to the government’s initiative to bolster identity verification processes.

In April 2022, the telecom sector experienced a similar wave of disruption as operators commenced the initial phase of enforcing the SIM-NIN rule.

During that period, over 72.77 million active telecom lines were barred, signaling a pivotal moment in regulatory compliance efforts.

MTN Nigeria, the country’s largest telecom operator, revealed in its first-quarter 2024 financial report that it had deactivated 8.6 million lines due to non-compliance with the NIN mandate.

However, the company emphasized its efforts to minimize the net impact of barred subscribers through effective customer management strategies.

Karl Toriola, CEO of MTN Nigeria, underscored the resilience of the company’s customer value initiatives in mitigating subscriber churn and driving gross connections amid regulatory challenges.

Despite the substantial drop in active subscriptions, MTN Nigeria closed the quarter with a total of 77.7 million subscribers, showcasing the effectiveness of its retention strategies.

As Nigeria navigates the evolving telecom landscape amidst regulatory reforms, stakeholders anticipate further measures to enhance compliance and fortify the integrity of the country’s telecommunications ecosystem.

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Fintech

Fintechs Instructed to Report Cryptocurrency Transactions to Authorities in Nigeria

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Fintech companies across the country have been instructed to report all crypto trades to relevant authorities.

This directive comes amidst the recent freezing of 105 accounts across nine fintech firms suspected of various illegal activities, including unauthorized forex dealings, money laundering, and terrorism financing.

The Economic and Financial Crimes Commission (EFCC) obtained an interim court order on April 24, 2024, to freeze these accounts for 90 days as part of ongoing investigations.

Sources close to the matter suggest a connection between these freezes and heightened scrutiny of cryptocurrency transactions.

Following these regulatory actions, several prominent fintech players, including OPay, Moniepoint, PalmPay, and Kuda Bank, have been directed to suspend the opening of new accounts temporarily pending evaluations of their Know Your Customer (KYC) processes by the Central Bank of Nigeria (CBN).

The frozen accounts are part of a broader investigation by the EFCC into 1,146 bank accounts suspected of manipulating the foreign exchange market through cryptocurrency platforms.

The EFCC believes that some account owners exploited cryptocurrency platforms to manipulate the FX market.

In response to these developments, fintech firms have started implementing stringent measures against cryptocurrency transactions.

Moniepoint, for instance, notified its customers that it would close accounts engaged in crypto or virtual asset transactions and share their details with relevant authorities.

Similar warnings were issued by other fintech players like Paga and OPay, emphasizing their stance against crypto-related activities.

During a recent industry event, Tosin Eniolorunda, founder and CEO of Moniepoint, urged participants in crypto Peer-to-Peer (P2P) markets to cease their activities due to regulatory prohibitions.

He highlighted the risks associated with engaging in such activities, citing potential legal repercussions.

Eniolorunda linked the recent regulatory actions to the prevalence of fraud in fintech apps and emphasized the renewed focus on KYC and Anti-Money Laundering (AML) measures.

He alleged that some P2P crypto activities contributed to the manipulation of the Nigerian currency, the naira, prompting regulatory intervention.

This latest directive underscores Nigeria’s broader crackdown on cryptocurrency platforms, particularly Binance, which began earlier in 2024.

The government has expressed concerns about the role of crypto platforms in currency speculation and their impact on the devaluation of the naira.

This regulatory tightening reflects the government’s efforts to maintain financial stability and curb illicit financial activities in the country.

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Technology

Multichoice Nigeria Rolls Out Tariff Increase Despite Tribunal’s Interim Order

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Multichoice Nigeria, a prominent Pay TV provider, has proceeded with the implementation of tariff adjustments for its DStv and GOtv subscribers, despite an interim order issued by a competition and consumer protection tribunal (CCPT) in Abuja.

On April 24, Multichoice announced plans to increase prices for its cable services, scheduled to take effect from May 1.

However, the CCPT ruled that the company should refrain from raising rates as initially scheduled, following an ex-parte motion presented by the applicant’s counsel.

Despite the tribunal’s interim order, checks conducted by Nairametrics revealed that Multichoice Nigeria has forged ahead with the tariff increase, with the new prices being displayed and enforced on its official website.

For DStv Premium subscribers, the price has surged from N29,500 to N37,000, while Compact Plus subscribers now face an increase from N19,800 to N25,000.

Similarly, Compact, Confam, and Yanga subscribers witness price hikes, ranging from 20% to 25% compared to previous rates.

GOtv subscribers also experience a similar fate, with tariff adjustments reflecting significant increases across various subscription packages.

Despite legal injunctions, Multichoice Nigeria’s decision to proceed with the price hike signals a bold move in a highly contested legal battle.

The Acting Chairman of the Federal Competition & Consumer Protection Commission (FCCPC), Adamu Abdullahi, disclosed that Multichoice had provided a detailed explanation for the price adjustments in a four-page letter to the commission.

The company cited factors such as foreign exchange fluctuations, high electricity tariffs, and operational costs as drivers behind the rate revisions.

Abdullahi explained that the FCCPC would scrutinize Multichoice’s justifications for the price hike, collaborating with regulatory bodies like the National Broadcasting Commission (NBC) and the Nigerian Communications Commission (NCC) to ensure compliance with market regulations.

The decision to proceed with the tariff increase has sparked concerns among consumer rights advocates, who question Multichoice’s adherence to legal directives.

Despite the company’s rationale for the price adjustment, critics argue that subscribers should not bear the brunt of economic challenges beyond their control.

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