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Ambode Advises Public Servants to be IT Compliant



  • 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.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market.

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Jeff Bezos Sets a New Record as Net Worth Hits $172bn



Jeff Bezos

Jeff Bezos Breaks His Own Record, Now Worth $172bn

Jeff Bezos, the Chief Executive Officer and Founder of Amazon Inc, on Wednesday broke his own record to set a new all-time record of $172 billion net worth.

Bezos’s previous record was $167.7 billion attained in September 2018. However, the billionaire broke the record on Wednesday after Amazon shares gained 4.4 percent to close at $2,878.80 per share.

Jeff Bezos companies

This is despite the billionaire parting with 19.7 million Amazon shares in July 2019 as part of his divorce settlement to his wife, Mackenzie Bezos.

Mackenzie Bezos’s 19.7 million shares now worth around $56.9 billion, making her the second richest woman and the thirteenth richest person in the world.

Jeff Bezos’s net worth has now risen by $57.4 billion from the year-to-date, according to Bloomberg Billionaire Index.

Jeff bezos Net worth

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Opay Pauses Some Business Operations as COVID-19 Bites



Opay halts business units

OPay Halts Some Business Units Amid COVID-19 Pandemic

Opay, a seamless mobile money service provider, has announced it would be putting some of its business units on hold as COVID-19 pandemic bites.

In a statement released by the Chinese owned mobile money start-up on its official twitter page @OPay_NG, the company said “We can confirm that some of our business units including the ride-hailing services, ORide, OCar as well as our logistics service OExpress will be put on pause.”

This, it said was largely due to the tough business environment brought about by COVID-19 pandemic, the lockdown and government ban of motorbikes in Lagos.

The statement read “Globally, ride-sharing businesses have been heavily impacted by the pandemic. But several months ago, foreseeing this issue, OPay had already taken preemptive steps to restructure our business focus away from rides. It is worth to note that this final restructuring has minimal impact on OPay as a whole business.”

“It is important to clarify that ride-sharing had always been only one part, and not a major part of OPay’s diversified business in Nigeria. In fact, OPay had been investing more and seeing accelerated growth in its commitment to Nigeria’s financial and technology inclusion.

“During the pandemic, we have seen continued demand for our offline mobile money agency, and online digital payment, which remains the core of our business.

“From January to April 2020 for example, we witnessed a 44% growth of offline and online transaction value even in the midst of pandemic and lockdown. This is a testament to the high demand for flexible and easy financial services by Nigerians. OPay remains one of the most well-funded and profitable mobile money platforms in Nigeria, and we will continue to do more for our customers.”

Below is the company’s official statement as published on Twitter.

Opay Statement

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Facebook, Google Earn 80% of Annual Digital Ads Spend – Report



facebook and google ads revenue uk

Facebook, Google Earn 80% of the £14bn Spent on Digital Ads in 2019

A recent report from the United Kingdom’s competition watchdog has shown that Facebook and Google earned 80 percent of all the money spent by advertisers on digital platforms in 2019.

In the 440-page report, the Competition and Markets Authority (CMA), UK said Google and Facebook market positions are having a “profound impact” on newspapers that now receive almost 40 percent of all visits to their sites through the two platforms.

“This dependency potentially squeezes their share of digital advertising revenues, undermining their ability to produce valuable content,” the watchdog said.

This is coming two weeks after Investors King called on the Federal Government of Nigeria to protect Small and Medium businesses against Facebook and Google activities or watch the nation’s SMEs die. Investors King had posited that “Nigerian startups can not compete with Facebook and the recent tax announced by the Federal Government through the ministry of finance would not be enough to stop these giant tech companies from taking advantage of Nigeria’s young growing market.

According to the CMA report, out of the £14 billion spent on digital advertising in the United Kingdom in 2019, Google with more than 90 percent share of market search earned £7.3 billon while Facebook with more than 50 percent of display market earned £5.5 billion. Representing 80 percent of the total digital ads spent in 2019.

While the report admits that the two platforms help small businesses reach customers and are valued by users, it also said they have “developed such unassailable market positions that rivals can no longer compete on equal terms”.

Andrea Coscelli, Chief Executive at CMA, said: “What we have found is concerning – if the market power of these firms goes unchecked, people and businesses will lose out.

“People will carry on handing over more of their personal data than necessary, a lack of competition could mean higher prices for goods and services bought online and we could all miss out on the benefits of the next innovative digital platform.

“Our clear recommendation to government is that a new pro-competitive regulatory regime be established to address the concerns we have identified and regulate a sector which is central to all our lives.”

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