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In view of recent developments pertaining to the unfortunate spread of the Corona Virus (Covid-19), the Federal Government directed a total lockdown of some States from the 30th of March 2020, while some State Governors also directed total lockdowns in their respective States. Due to the aforementioned, consumers are staying at home and making use of more telecommunications services than ever before, to stay in touch with friends, family, colleagues, work and the world at large. As a result, the Commission has observed a surge in the number of complaints from consumers regarding Data Depletion and Poor Quality of Data services.
In line with our (PIE) mandate of Protecting, Informing and Educating consumers, the Commission immediately investigated the complaints and ensured resolution as necessary. However, we also believe that it is necessary to empower consumers with information on data consumption and usage to enable them get better value from their data subscriptions and to get prompt redress where necessary. To achieve these objectives, we have developed the following Frequently Asked Questions (FAQs) with regards to data consumption and usage:
1. What is Internet Data Usage?
Internet data is a service provided by telecom service operators to the end users to enable them access the internet. The speed of the access and the nature of activities which the consumer can carry out often depends on the nature of the technology in use. Access technologies are usually classified into “Generations” to denote their age and characteristics, as follows:
a) 2nd Generation Technology (i.e. 2G) is circuit switched technology which is relatively low-speed GPRS, EDGE mode or their equivalents;
b) 3rd Generation Technology (3G) is packet and circuit switched and is in HSPA, HSPA+ m ode or their equivalents;
c) whilst, 4th Generation Technology (4G) is packet switched technology, that is, LTE, LTE-A mode or their equivalents.
Each of these technologies provides different speeds and protocols for using the internet. Newer generations of phones are usually designed to be backward-compatible, so a 4G phone can communicate through a 3G or even 2G network.
2. What does G stand for?
As explained above, "G" stands for "GENERATION". When you connect to internet, the speed of your internet access is dependent upon the signal strength and the access technology. The technology is shown in alphabets like 2G, 3G, and 4G etc. right next to the signal bar on your mobile phone’s home screen.
3. Does the usage of 2G, 3G or 4G have impact on data usage? Can this also lead to depletion of data?
Absolutely, Yes. The higher the generation, the higher the speed, and consequently the faster your mobile data is consumed.
4. What is Mobile Data?
Mobile data is internet content accessed by, or delivered to your phone over a wireless/cellular (i.e. mobile) connection. When you purchase mobile data plans, you are entitled to a certain amount of data over a fixed period of time. You can also access the internet through Wi-Fi connections depending on whether you have access to that particular Wi-Fi network. With mobile data however, you can use the internet as long as your phone can detect your network’s data signals, and you have an active data plan on that network. Therefore, the mobile data is what allows your phone to get online when you are away from Wi-Fi.
5. What causes Data Consumption/Usage/Depletion?
Your data is used whenever your phone connects to the internet. The following activities are the most common uses that reduce your data:
● Sending and receiving emails,
● Downloading and uploading files (pictures, documents, videos, etc.) –
the larger the file, the more the data consumption,
● Browsing the internet – the more pictures, videos or graphics on the
websites visited, the more data is used,
● Instant Messaging – like WhatsApp, Facebook Messenger, Snapchat, etc.
● Streaming music/ videos on YouTube, Hulu, Netflix and other channels,
● Games – games use a lot more data than most people imagine, due to
the intense graphics and algorithms that power them,
● Social media applications such as Facebook, WhatsApp, Twitter,
Instagram, etc.
● Video-chatting and conferencing applications like Zoom, Skype,
WhatsApp Video, etc.
6. How do Internet Service Providers (ISPs) estimate data usage?
Your data consumption depends on a large number of factors. As mentioned above, the nature of technology (2G, 3G, 4G or 5G), the quality of the network, the speed of download, the type of websites you visit, the specifications of your handset, and so many other factors contribute to your data consumption.
For instance, two handsets can use different amounts of data to download or stream the same video on YouTube!
The following approximations give an estimation of data usage. Please note that these are mere estimations provided by an operator based on typical/average file sizes.
1 Hour of Social Media = 200mb
1 Hour of Browsing = 60mb
1 Hour of Instant Messaging with video calls = 140mb
1 Hour of streaming music = 60mb
1 Hour of Streaming Videos = 350mb (Non HD) and 1GB (HD) 1 Email sent or received with attachments = 500kb
1 minute of connected game play = 60mb
7. What activities use up the most data?
As you will notice from the answer to question 6 above, the most common activities (inclusive of uploads and downloads) that use large amounts of data are as follows:
● Downloading and watching videos online especially on sites Like Netflix and YouTube.
● Sending and receiving emails with large attachments
● Software updates and virus definition u pdates
● Going on Social Media sites such as Facebook, Snapchat, Instagram,
Twitter, Tik Tok etc.
● Playing Games on a website or via a downloaded app
● Remote security cameras
● Data sent between sites on a Virtual Private Network (VPN).
● Mobile App online Notifications from social media, social marketing
sites etc.
8. How can I use my mobile Data wisely or avoid Data wastage?
There are number of things you can do to manage your mobile data usage so that it does not deplete quickly, but instead last longer. The following are examples:
● Disable mobile data when it is not needed
● Use data compression in your browser
● By reducing video streaming quality from video sites such as YouTube,
Netflix, Hulu, Showtime – you can use from 1080p or default/ auto setting to 240p for optimal viewing and lower data consumption. This may however affect the quality of your experience.
● By deactivating all cloud storages except when / where necessary.
● By not breaking or interrupting downloads in-between video sessions.
● Turn off automatic updates for apps for mobile devices, laptops and
personal computer.
● Use Wi-Fi hotspots wherever you can to save your mobile data – you
should however note that there are data security risks to using open/free Wi-Fi connections. Your passwords and personal data are often exposed on such connections.
● Limit sending and receiving files and push notifications
● Delete email messages that won’t send and are no longer required.
● Send big files when connected via Wi-Fi or use Wi-Fi for big files
● Monitor time spent on Social Media
● Closing apps when you’re done using them can also reduce data usage
● Set up usage alerts
9. How can I use my phone to manage my data usage to avoid Data wastage?
Your smartphone’s default settings are typically configured to get the best possible experience, which comes at the cost of your data usage. You can change those settings to manage your data usage in the following ways:
By Manually Capping Mobile Data: To do this,
Go to Settings > Network & Internet > Data Usage > Billing Cycle
By Manually setting Data Saver
Activate data saver: Locate “Data Usage” on your device and activate
“Data Saver”. This will help cut down your data usage by
preventing apps from using data in the background. Disable auto-update on your App store
Disable multimedia auto-download on your social media apps Turn off your data when it’s not in use.
Stop Apps from automatically Synching: to do this,
Go to Setting > Apps & notifications > Select App > Select Disable Background Data
Don’t Stream it, Download It.
It is more advisable to download video or audio content to save
data than to stream it online.
● Set data alert notifications on your mobile phone.
● Avoid multiple configuration of the same email address on your
mobile phone. For instance, do not configure your Gmail address on your email app as well as Gmail app at the same time on the same mobile phone.
10. How to monitor and limit data usage on an Android phone:
a. USE DATA SAVER MODE
If you have Android 8.0 or later, your phone should come equipped with Data Saver mode, which kicks in when you are not on Wi-Fi and ensures that apps and services that are not being actively used won’t be able to stream data in the background.
It is very easy to turn Data Saver mode on and off. To do this,
● Go to Settings
● Go to “Network & internet” > “Data usage”
● Select “Data Saver.” Toggle “Use Data Saver” on.
There may be specific apps that you want to allow to use background data, even when Data Saver mode is on. For example, you may want to get Twitter notifications no matter where you are. To do this,
▪ Go to the “Data Saver” page (see above)
▪ Tap on “Unrestricted data”
▪Scroll down to any apps that you want to enable for background data use even when Data Saver mode is on. Toggle them on.
b. SET A DATA LIMIT
You can set your phone to issue a warning if you’re nearing your data limit before the end of your monthly billing cycle. You can even set a limit beyond which your phone will not use any data. To do this,
▪ Go to Settings
▪ Go to “Network & internet” > “Data usage” > “Data warning &
limit”
▪ Tap on “App data usage cycle.” This will let you set the day that your account starts it’s monthly cycle.
▪ Back up and toggle “Set data warning” on. You can then enter the data limit - say, 4GB — that you want for your
phone.
11. How do I Limit Data Usage on Apps?
A. YouTube:
● Open the YouTube App.
● Tap on the profile icon at the top right corner
● Select Settings.
● Click on General.
● Turn on “Limit Mobile Data Usage”.
B. Play Store (Android):
● Go to the Google Play store.
● Click on Menu & go to Settings.
● Click on Auto-update apps.
● Select “Auto-update apps over Wi-Fi only”.
● You also have the option to choose “Do not auto-update apps
C. IOS (Apple: I-Phone) :
● Go to settings on the I-phone
● Click on iTunes and App Store
● Got to Mobile Data Option
● Turn off ‘Automatic Updates’
● Or you can turn off the apps that you don’t want automatic
updates.
● You can also click on App downloads and select the preferred
option in regards to app downloads.
D. Instagram:
● Open Instagram options.
● Go to Accounts.
● Go to Settings.
● Select Cellular Data Use.
● Then tick Use Less Data
E. WhatsApp – Deactivate Auto-download
● Go to the “settings” section in your WhatsApp APP.
● Click on “Data and Storage Usage”.
● Select Media Auto Download option.
● Deselect all options under “When Using Mobile Data”.
● You can also enable low data usage for WhatsApp Calls
F. Facebook – Switch Off Auto Play
● Go to your Facebook option icon (the three horizontal bars at the top right corner).
● Click on App Settings (Under help & settings).
● Click on AutoPlay.
● Select never auto play videos.
● In addition, you can activate the “Data Saver” option.
● Navigate to the option icon.
● Then go to settings & Privacy.
● Select Data Saver.
● Toggle the data saver on.
12. Why does my data drop significantly while watching Videos?
Video naturally uses more data. However, if you are downloading, select “medium resolution” to manage your data usage as their sizes are significantly lower than “high definition” videos. Also live streaming video uses more data. Therefore it is preferable to download the video on your local device and watch afterwards.
13. Why does my data disappear even when I am not online?
Data consumption can occur on your account with or without your knowledge.
● With your Knowledge: Data is consumed when you open web pages, when you browse, while downloading/uploading files, streaming videos or doing any of the other activities mentioned above.
● Without your Knowledge: Most smartphones are configured to automatically search for, and download software updates, app synching, uploads, updates, etc. Your data is therefore consumed by your phone without your knowledge when there are software upgrades and updates to apps on your device. To stop this from happening, you have to disable automatic updates as demonstrated in Question 11 (above).
14. Since I migrated to 4G network, my data doesn’t last for long?
4G networks are generally faster than 3G. This increased speed brings about usage of more applications making the data to deplete faster. 4G is configured for fast transfers of heavy amounts of data – OS updates, synching of photos and videos, streaming on high definition all take place much faster than on earlier generation networks. Also, most of the popular media platforms are designed to provide you with the best user experience, so they would automatically present you with the highest quality videos (HD) once they recognise that you are on a fast connection.
15. Is it possible that someone is stealing my data?
This could be because your hotspot or Wi-Fi password might have been compromised. You should therefore ensure that your password is secure at all times. You should also be careful of who has access to your phone since data can be shared or transferred without your knowledge.
16. Can I Check my Data if I Suspect that Something is wrong?
Yes. Most smartphones allow you to check your usage – you can even set a cap as explained in Question 9 (above). Also, there are some free applications that monitor your usage – these are however approximations and may record significantly different amounts from your actual usage.
17. Why do data plans with “unlimited access plan” get exhausted before the end of the month/plan period?
Unlimited data plans usually have restrictions embedded in the terms and conditions of service. It is advisable to check terms and conditions relevant to your specific data plan. Thus, if you encounter such problem, you need to check the terms and conditions of service. However, if what you experience is contrary to the terms and conditions of service applicable to your data plan, you should contact your service providers for prompt resolution within 24-48hrs. If you are not satisfied with the resolution, then contact NCC for necessary assistance.
18. Why should network service provider display pop up messages to ask if the recharge is to be used for data or voice?
The pop up message is basically a method of easing the process of converting your airtime to data or leaving it for voice services. This is intended to empower you to decide how you wish to use your recharge. This should be ignored or cancelled by consumers who are not interested.
19. Why is it that additional data given to subscribers after making subscription to data promos, get easily exhausted?
The terms and conditions of the promo data must be noted and understood
by the consumers before subscribing for any such promo.
20. What brings about fluctuation in internet access after making data subscription?
This may be due to network problem and/or settings of your phone. For example if there is no network in your location or the strength of network is weak or unstable, then there will be fluctuation. Also, if your data SIM is off you may not be able to use the internet unless you are connected to Wi-Fi.
21. Does speed or time contribute to depletion of data?
Yes, it does. The faster the speeds, the more data bundles will be utilised. Logically, the faster the speed, the quicker you can complete a task such as downloading or uploading a file. That means that you’re able to do more, and consume more data, in the same amount of time if you have fast speeds. You naturally do more and probably use higher quality while streaming videos.
22. Why is it that monthly subscriptions do not last a whole month?
The monthly subscription usually comes with a data size or value and once the value is exhausted before the month end, you would be unable to access the internet. So, what it means is that the data allowance can be used over one month, but it can be finished before one month, depending on how you
use it.
23. What is the reason behind getting a deducted data value when you subscribe for data?
This could happen where the Consumer has borrowed airtime or data from the network service provider. It is important to read and understand the terms and conditions of the services rendered before you start using it. However, if you have any issues, be sure to complain to your service providers immediately and escalate to the NCC for redress if the matter is not satisfactorily resolved.
24. Why do Network Service Providers usually deduct from the normal data subscription while leaving the bonus data untouched?
Again, you need to check the terms and conditions of your package. Bonuses are usually given to stimulate usage and the network may specify the terms on which you can access the bonus. If your experience is different from what was promised, then lodge a complaint to your service providers and escalate to the NCC for redress if the matter is not satisfactorily resolved.
25. Why does the shared data among consumers exhaust quickly unlike the direct subscription?
The shared data and individual data are usually charged at the same rate. You must note that you cannot control usage of data you share with others.
26. Apart from the fact that network quality unlocks the full functionality of applications on a device, download rate is also very fast, what can be done to avert this?
This can be averted by reducing activating data saver to reduce the speed of the data or step down the technology from higher generation with high speed or throughput to lower generation with low speed or throughput.
27. What brings about decreases in the balance of data when all that is done is mere internet surfing without downloading heavy files?
Many websites are very interactive, and logging on to these sites often results in data being unknowingly consumed by video adverts running on the page while one is browsing a specific article. This is another reason that accounts for faster data depletion.
28. Why should data deplete when the network doesn’t permit usage and it expires at the end of the month?
If you experience this type of problem, please check the terms and conditions
of your service and contact your Service Provider for prompt solution.
29. How do I Seek Redress if I am not satisfied with my
Data Usage?
● Your first point of call is your service provider. The NCC has mandated all service providers to provide multiple channels for their consumers to complain, and that they should ensure prompt resolution of complaints within specific timelines. NCC sanctions operators who fail to meet these timelines.
● The service providers can be reached on their free 24/7 customer service short codes: 9mobile – 200; Airtel – 111; Globacom – 121; and MTN – 180.
● When you complain to your service provider, demand a "trouble ticket": the ticket provides evidence of the time/date/nature and timeline for the resolution of your complaint.
● If your complaint is not resolved within the stated timeline, or if you are not satisfied with the resolution, then please report to the NCC using any of the following channels:
● Call toll free – 622
● Email - consumerportal@ncc.gov.ng
● Twitter - @consumersNCC
● Instagram - @ngrcomcommission
● Facebook – www.facebook.com/nigerian.communications.commission
● Be sure to include your trouble ticket - NCC will then take the matter up with the network service provider to ensure speedy resolution.
SIGNED:
Dr. Henry Nkemadu
Director, Public Affairs
Nigerian Communications Commission
22 May 2020
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Saturday, May 23, 2020
Friday, May 22, 2020
Made in Nigeria goods and senior govt officials - ITREALMS
Commentary@ITREALMS:
Executive Order 3 Rejected:
Executive Order 3 Rejected:
There are concerns that more Nigeria manufacturers will close shop before the end of October this year not because of COVID-19, but rather the refusal of most senior government officials to respect a subsisting presidential directive to patronize quality made in Nigeria products.
Executive Order Number 3 of 2017 signed by Vice President, Yemi Osinbajo on May 18, 2017, among other things, directs that all Federal Government Ministries, Departments and Agencies (MDAs) must grant preference to local manufacturers of goods and services in their procurement of such items. Further, any document issued by any MDA for the solicitation of offers, bids, proposals or quotations for the supply of goods and services must expressly indicate the preference to be granted domestic manufacturers or service providers.
Executive Order Number 3 of 2017 signed by Vice President, Yemi Osinbajo on May 18, 2017, among other things, directs that all Federal Government Ministries, Departments and Agencies (MDAs) must grant preference to local manufacturers of goods and services in their procurement of such items. Further, any document issued by any MDA for the solicitation of offers, bids, proposals or quotations for the supply of goods and services must expressly indicate the preference to be granted domestic manufacturers or service providers.
Equally, made in Nigeria must be given preference and at least 40 per cent of the procurement of certain listed items in all MDAs must be locally manufactured goods or from local service providers. They include uniforms and footwear, food and beverages, furniture and fittings, stationery, motor vehicles, pharmaceuticals, construction materials and ICT goods.
EFCC ignored:
However, it appears the Bureau of Public Procurement and the Economic and Financial Crimes Commission (EFCC) are handicapped as this Executive Order has been largely ignored by many government agencies and personnel.
For years, Nigeria has struggled to correct its poor trade deficit profile. Nevertheless, the problem has mainly been concentrated in the overwhelming appetite for imported goods among Nigerians. Indeed, the propensity to import virtually everything, even down to the basic items available locally, has been behind the shabby state of Nigeria’s local content narrative.
No one is exempted from this sad reality. Worse still, Nigerian government officials are also complicit. Many of them only pay lip service to the clarion calls to patronise made in Nigeria goods to grow the local currency. In reality, these government functionaries who should be leading the local content charge are most at fault for relying on imported items at the detriment of indigenous enterprise.
Even the National Assembly made the news recently when members of the House of Representatives reportedly took delivery of brand-new 2020 Toyota Camry cars as utility vehicles. Each of the exotic cars, the V6 Limited edition, depending on the variant, has a price tag of between US$75,000 to US $135,000. This excludes the cost of shipping and custom duties, which is about 100 per cent of the actual cost of each unit. The foregoing is based on checks on the website of Toyota as the lawmakers bluntly refused to disclose the cost of the 400 vehicles which were purchased with taxpayers’ money.
Patronage of Made in Nigeria, a must:
Also much recently, President Muhammadu Buhari directed that only made in Nigeria goods and products must be patronized henceforth to save the nation’s foreign exchange and help grow the economy. Equally important, the directive came as a reaction to the impact of the rampaging Coronavirus (COVID-19) on the economy which has affected the 2020 budgetary provisions.
Communicating this laudable directive from the President was the Minister of Finance, Zainab Ahmed. Specifically, the Minister made this disclosure while responding to a question at the end of a virtual Federal Executive Council (FEC) meeting presided over by President Buhari.
Ahmed had stated: “On prioritization of made in Nigeria products, as you know the president has set up an economic stimulus committee chaired by the Vice President. The work of the committee is to develop a 12 months’ economic stimulus plan and we are at the final stage of that work.
‘‘We have prioritized spending in that plan to use and consume made in Nigeria. For example, some of the public works projects that will employ a lot of our youths is to be done using strictly our raw materials, so we don’t have to import bitumen for example to build our roads.”
A commendable initiative from the Presidency but one which sadly, as is the case with most policy pronouncements in Nigeria, is only implemented on paper.
Mr. President’s directives, came at a time when Nigeria is facing a tough time of it with the COVID-19 pandemic hobbling revenues from crude oil, the mainstay of the economy, ought to have gone a long way in bringing relief to Nigerian manufacturers and other local entrepreneurs. But this is hardly the case.
Deaf ears to Executive Order 3:
Feelers indicate that several top and senior government functionaries, especially in the Ministries, Departments and Agencies (MDAS) have paid deaf ears to the decision to patronize made in Nigeria. Indeed, it is a case of business as usual as many of these government establishments have continued to fritter away scarce foreign exchange by relying on foreign goods in their procurement activities, thereby enriching the economies of other more advanced countries at the detriment of a bleeding Nigerian economy.
For a fact, Nigeria is not short of credible local manufacturers making waves in their respective areas of endeavour and doing the country proud.
Aliko Dangote is a very good example of an indigenous power-house who has put Nigeria on the global map. The richest man in Africa has, to a large extent re-written the story of Nigeria’s self-sufficiency in essential commodities such as cement, sugar and salt. Were it not for his entrenched tentacles in government circles, Dangote will probably be struggling to get any Nigerian government big-wig or even the ordinary man in the street to patronize any of his products.
In the area of technological devices such as laptops and computers, Nigeria can boast of a Zinox which today, has represented the country creditably well even in the international space. Zinox computers was the first internationally certified brand in Sub-Saharan Africa. In addition, the Zinox Group which has over 30 years of outstanding innovations to its name and arguably one of the leading technology conglomerates in Africa, has bailed out Nigeria in the area of the conduct of credible elections through its sterling work with INEC in creating a reliable database of voters for the country even when foreign players failed abysmally. Currently, our leaders and top government functionaries choose to patronize foreign laptops or computer brands.
The story is the same across a very critical vertical such as pharmaceuticals. Nigerian pharmaceutical companies have found it tough swimming against the overwhelming tide of government’s preference for importation of basic medical supplies and equipment. Same sad tale is the fate of several local manufacturers of furniture, beverages, construction materials, stationery and even basics like footwear/uniforms, of which Nigeria is sufficiently blessed with skilful artisans.
In October 2016, Eric Umeofia, founder of Erisco Foods, a top tomato paste manufacturer, announced plans to shut down operations and sack some 1,500 workers at his expansive factory in Oregun, an industrial area of Lagos.
Hear his reasons: ‘‘This appears to be the only reasonable thing for me to do since my cries appear to have no meaning for those stifling our operations.
‘‘I brought my manufacturing concerns worth about $150 million in Dubai and Angola to Nigeria in 2009 in my patriotic zeal to contribute to the growth of Nigeria. But dumping of sub-standard tomato pastes from mainly Asian nations has resulted to Erisco Foods losing up to N3.5 billion in recent years. More so, our products worth about N6 billion remain unsold, due to the flooding of our markets with sub-standard tomato pastes from foreign countries.
“If we don’t leave Nigeria now we’ll go bankrupt and I believe that my leaving will open up the environment for government to understand the dilemma facing Nigerian manufacturers like me,’’ he stated.
Undue favourtism to Lebanese, Indian & Chinese:
Further, the businessman declared that undue favouritism to Lebanese, Indian and Chinese businessmen in the allocation of foreign exchange to import tomato pastes and other items, including frozen fish, has dealt serious blow to his company, Erisco Foods Ltd. and also to other Nigerian companies involved in manufacturing. Erisco Foods, which has had dominant presence in Liberia and Angola over the years, was listed as Africa’s top tomato paste manufacturer, and the company is the fourth largest of its type in the world, according to records.
But policy inconsistencies and alleged connivance of officials of some key government agencies to deny foreign exchange allocation to indigenous companies in preference for foreigners have left many Nigerian companies struggling or closing shops in recent times.
The same scenario exists today but the situation is even more critical now.
Latest figures show that the rate of unemployment in Nigeria is heading towards a record 33 per cent. Equally, nearly 3.8 million Nigerians have lost their jobs since the beginning of the year. And with COVID-19 hobbling businesses and virtually every segment of the economy, that figure is only going to rise further. Every year, Nigeria’s numerous tertiary institutions churn out graduates who continue to swell the ranks of the unemployed – a factor that holds dire implications for the future of the country.
Yet, Nigerian government functionaries have adamantly failed to wake up and smell the coffee. The day of reckoning is not a far-off vista. It is certainly here...
Reversing 2020 budget:
Today, the Federal Government has had no choice than to revise the 2020 budget, even as it goes cap-in-hand borrowing from lender agencies to fund the current fiscal year, yet the constituent members of the current administration who should be aiding the President correct the sad state of affairs are the same ones robbing Peter to pay Paul!
Below are the exact words of the Finance Minister who reeled out the amendments to the Medium Term Expenditure Framework for 2020-2022 as well as amendment to the 2020 budget.
“The crude oil price is approved at $25 per barrel, crude oil production is at 1.94 million barrels per day and then an exchange rate of N360 to $1. The revised budget is now in the total sum of N10.523 trillion, a difference of about N71.5 billion when compared to the approved budget. This is because, as we cut down the size of the budget, we also have to bring in new expenditure previously not budgeted, to enable us adequately respond to the COVID-19 pandemic.
“The federal government in this budget will have direct revenue of funding the budget of N5.158 billion. The deficit to this budget is N5.365 trillion and this will be financed by both domestic as well as foreign borrowing. The foreign borrowing we are doing for 2020 are all concessionary loans from the IMF which has already been approved and has crystallized, from the World Bank, Islamic Development as well as Afro EXIM bank…’’
Nigerians face bleak future:
Millions of poor, needy, unemployed Nigerians face a bleak future as the government, which is unarguably the biggest spender, struggles to keep the ship of state afloat. But its occupants seem hell-bent on carrying on with making fresh holes in the ship while expecting it to stay afloat.
A school of thought has even queried President Buhari’s seeming silence or inaction on the on-going flouting of the presidential directive to patronize made in Nigeria; even as some have insinuated that the president’s silence may mean acquiescence.
Be that as it may, now is the time for the President to act in order to avert the doomsday that is staring Nigeria in the face!
*Contributed by Dr. Wole Abijoko is a policy expert and public commentator who writes from Nasarawa
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EFCC ignored:
However, it appears the Bureau of Public Procurement and the Economic and Financial Crimes Commission (EFCC) are handicapped as this Executive Order has been largely ignored by many government agencies and personnel.
For years, Nigeria has struggled to correct its poor trade deficit profile. Nevertheless, the problem has mainly been concentrated in the overwhelming appetite for imported goods among Nigerians. Indeed, the propensity to import virtually everything, even down to the basic items available locally, has been behind the shabby state of Nigeria’s local content narrative.
No one is exempted from this sad reality. Worse still, Nigerian government officials are also complicit. Many of them only pay lip service to the clarion calls to patronise made in Nigeria goods to grow the local currency. In reality, these government functionaries who should be leading the local content charge are most at fault for relying on imported items at the detriment of indigenous enterprise.
Even the National Assembly made the news recently when members of the House of Representatives reportedly took delivery of brand-new 2020 Toyota Camry cars as utility vehicles. Each of the exotic cars, the V6 Limited edition, depending on the variant, has a price tag of between US$75,000 to US $135,000. This excludes the cost of shipping and custom duties, which is about 100 per cent of the actual cost of each unit. The foregoing is based on checks on the website of Toyota as the lawmakers bluntly refused to disclose the cost of the 400 vehicles which were purchased with taxpayers’ money.
Patronage of Made in Nigeria, a must:
Also much recently, President Muhammadu Buhari directed that only made in Nigeria goods and products must be patronized henceforth to save the nation’s foreign exchange and help grow the economy. Equally important, the directive came as a reaction to the impact of the rampaging Coronavirus (COVID-19) on the economy which has affected the 2020 budgetary provisions.
Communicating this laudable directive from the President was the Minister of Finance, Zainab Ahmed. Specifically, the Minister made this disclosure while responding to a question at the end of a virtual Federal Executive Council (FEC) meeting presided over by President Buhari.
Ahmed had stated: “On prioritization of made in Nigeria products, as you know the president has set up an economic stimulus committee chaired by the Vice President. The work of the committee is to develop a 12 months’ economic stimulus plan and we are at the final stage of that work.
‘‘We have prioritized spending in that plan to use and consume made in Nigeria. For example, some of the public works projects that will employ a lot of our youths is to be done using strictly our raw materials, so we don’t have to import bitumen for example to build our roads.”
A commendable initiative from the Presidency but one which sadly, as is the case with most policy pronouncements in Nigeria, is only implemented on paper.
Mr. President’s directives, came at a time when Nigeria is facing a tough time of it with the COVID-19 pandemic hobbling revenues from crude oil, the mainstay of the economy, ought to have gone a long way in bringing relief to Nigerian manufacturers and other local entrepreneurs. But this is hardly the case.
Deaf ears to Executive Order 3:
Feelers indicate that several top and senior government functionaries, especially in the Ministries, Departments and Agencies (MDAS) have paid deaf ears to the decision to patronize made in Nigeria. Indeed, it is a case of business as usual as many of these government establishments have continued to fritter away scarce foreign exchange by relying on foreign goods in their procurement activities, thereby enriching the economies of other more advanced countries at the detriment of a bleeding Nigerian economy.
For a fact, Nigeria is not short of credible local manufacturers making waves in their respective areas of endeavour and doing the country proud.
Aliko Dangote is a very good example of an indigenous power-house who has put Nigeria on the global map. The richest man in Africa has, to a large extent re-written the story of Nigeria’s self-sufficiency in essential commodities such as cement, sugar and salt. Were it not for his entrenched tentacles in government circles, Dangote will probably be struggling to get any Nigerian government big-wig or even the ordinary man in the street to patronize any of his products.
What of our heavy reliance on imported vehicles?
In Innoson Vehicle Manufacturing Limited, Peugeot Automobile Nigeria Ltd., Globe Motors Ltd. and many other local assemblers, Nigeria has a strong cast of players who can conveniently meet the needs of millions of Nigerians desirous of purchasing quality vehicles. But what we see is a situation in which the National Assembly members, as highlighted in the earlier part of this piece and several serving government functionaries thumb their nose at these locally made, cheaper yet reliable options in favour of foreign made vehicles. Worse still, these vehicles are mainly used for very short distance movements, mainly from their residences to their offices or assembly complex or to the airports to catch their numerous flights.In the area of technological devices such as laptops and computers, Nigeria can boast of a Zinox which today, has represented the country creditably well even in the international space. Zinox computers was the first internationally certified brand in Sub-Saharan Africa. In addition, the Zinox Group which has over 30 years of outstanding innovations to its name and arguably one of the leading technology conglomerates in Africa, has bailed out Nigeria in the area of the conduct of credible elections through its sterling work with INEC in creating a reliable database of voters for the country even when foreign players failed abysmally. Currently, our leaders and top government functionaries choose to patronize foreign laptops or computer brands.
The story is the same across a very critical vertical such as pharmaceuticals. Nigerian pharmaceutical companies have found it tough swimming against the overwhelming tide of government’s preference for importation of basic medical supplies and equipment. Same sad tale is the fate of several local manufacturers of furniture, beverages, construction materials, stationery and even basics like footwear/uniforms, of which Nigeria is sufficiently blessed with skilful artisans.
In October 2016, Eric Umeofia, founder of Erisco Foods, a top tomato paste manufacturer, announced plans to shut down operations and sack some 1,500 workers at his expansive factory in Oregun, an industrial area of Lagos.
Hear his reasons: ‘‘This appears to be the only reasonable thing for me to do since my cries appear to have no meaning for those stifling our operations.
‘‘I brought my manufacturing concerns worth about $150 million in Dubai and Angola to Nigeria in 2009 in my patriotic zeal to contribute to the growth of Nigeria. But dumping of sub-standard tomato pastes from mainly Asian nations has resulted to Erisco Foods losing up to N3.5 billion in recent years. More so, our products worth about N6 billion remain unsold, due to the flooding of our markets with sub-standard tomato pastes from foreign countries.
“If we don’t leave Nigeria now we’ll go bankrupt and I believe that my leaving will open up the environment for government to understand the dilemma facing Nigerian manufacturers like me,’’ he stated.
Undue favourtism to Lebanese, Indian & Chinese:
Further, the businessman declared that undue favouritism to Lebanese, Indian and Chinese businessmen in the allocation of foreign exchange to import tomato pastes and other items, including frozen fish, has dealt serious blow to his company, Erisco Foods Ltd. and also to other Nigerian companies involved in manufacturing. Erisco Foods, which has had dominant presence in Liberia and Angola over the years, was listed as Africa’s top tomato paste manufacturer, and the company is the fourth largest of its type in the world, according to records.
But policy inconsistencies and alleged connivance of officials of some key government agencies to deny foreign exchange allocation to indigenous companies in preference for foreigners have left many Nigerian companies struggling or closing shops in recent times.
The same scenario exists today but the situation is even more critical now.
Latest figures show that the rate of unemployment in Nigeria is heading towards a record 33 per cent. Equally, nearly 3.8 million Nigerians have lost their jobs since the beginning of the year. And with COVID-19 hobbling businesses and virtually every segment of the economy, that figure is only going to rise further. Every year, Nigeria’s numerous tertiary institutions churn out graduates who continue to swell the ranks of the unemployed – a factor that holds dire implications for the future of the country.
Yet, Nigerian government functionaries have adamantly failed to wake up and smell the coffee. The day of reckoning is not a far-off vista. It is certainly here...
Reversing 2020 budget:
Today, the Federal Government has had no choice than to revise the 2020 budget, even as it goes cap-in-hand borrowing from lender agencies to fund the current fiscal year, yet the constituent members of the current administration who should be aiding the President correct the sad state of affairs are the same ones robbing Peter to pay Paul!
Below are the exact words of the Finance Minister who reeled out the amendments to the Medium Term Expenditure Framework for 2020-2022 as well as amendment to the 2020 budget.
“The crude oil price is approved at $25 per barrel, crude oil production is at 1.94 million barrels per day and then an exchange rate of N360 to $1. The revised budget is now in the total sum of N10.523 trillion, a difference of about N71.5 billion when compared to the approved budget. This is because, as we cut down the size of the budget, we also have to bring in new expenditure previously not budgeted, to enable us adequately respond to the COVID-19 pandemic.
“The federal government in this budget will have direct revenue of funding the budget of N5.158 billion. The deficit to this budget is N5.365 trillion and this will be financed by both domestic as well as foreign borrowing. The foreign borrowing we are doing for 2020 are all concessionary loans from the IMF which has already been approved and has crystallized, from the World Bank, Islamic Development as well as Afro EXIM bank…’’
Nigerians face bleak future:
Millions of poor, needy, unemployed Nigerians face a bleak future as the government, which is unarguably the biggest spender, struggles to keep the ship of state afloat. But its occupants seem hell-bent on carrying on with making fresh holes in the ship while expecting it to stay afloat.
A school of thought has even queried President Buhari’s seeming silence or inaction on the on-going flouting of the presidential directive to patronize made in Nigeria; even as some have insinuated that the president’s silence may mean acquiescence.
Be that as it may, now is the time for the President to act in order to avert the doomsday that is staring Nigeria in the face!
*Contributed by Dr. Wole Abijoko is a policy expert and public commentator who writes from Nasarawa
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Thursday, May 21, 2020
Merck partners African First Ladies on Postgraduate programmes - ITREALMS
ITREALMS:
Dr. Rasha Kelej, CEO of Merck Foundation and One of 100 Most Influential Africans emphasized, “Amidst the pandemic that has rocked the world, we must not forget people living with other health conditions such as Diabetes and Hypertension because they are the Coronavirus risk groups therefore Merck Foundation continues to build Hypertension and Diabetes care training to doctors, in partnership with African First Ladies, Ministries of Health and Academia. Moreover, we also provide training to doctors from Asian countries”.
Merck Foundation has so far enrolled and trained over 183 Medical postgraduates from over 35 countries. As a part of their efforts to build hypertension and diabetes care capacity, Merck Foundation enroll medical postgraduates for One Year Online Diploma and Two Year online master degree in Preventive Cardiovascular Medicine and Diabetes from reputable university in UK. Additionally, they also enroll doctors for a three-month Diabetes Master course from English, French and Portuguese speaking African countries to advance their clinical knowledge in tackling these non-communicable conditions.
Merck Foundation started capacity building of Coronavirus healthcare through providing online one-year diplomas and two year master degree in both Respiratory Medicine and Acute Medicine from UK University, for African doctors.
Dr. Sofia Jarombwereni Natshikare Nepembe, Merck Foundation alumnus from Namibia says, “I feel fortunate to be a part of this program and receive the Postgraduate one-year Diploma in Preventative Cardiovascular Medicine as part of Merck Foundation capacity advancement program. The course has enabled me to learn the advanced scientific developments for prevention and treatment of cardiovascular diseases. The course has helped me to serve my patients better. Merck Foundation is doing a great job by providing postgraduate degrees for doctors like me who are eager to specialize to better serve their communities.”
“We are committed to enroll more doctors for these courses to be able to build a platform of hypertension and diabetes experts in underserved communities. These online courses is the right strategy to scale up our efforts to improve access to quality healthcare solutions widely and effectively especially during Coronavirus lockdown”, explained Dr. Rasha Kelej.
The program started in 35 countries such as: Bangladesh, Botswana, Burkina Faso, Burundi, Cambodia, Cameroon, Central African Republic, Chad, DR Congo, Ethiopia, Gabon, The Gambia, Ghana, Indonesia, Kenya, Liberia, Malaysia, Mauritius, Mozambique, Myanmar, Namibia, Nepal, Niger, Nigeria, Philippines, Rwanda, Senegal, Sierra Leone, South Africa, Sri Lanka, Tanzania, United Arab Emirates, Uganda, Zambia and Zimbabwe.
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The philanthropic arm of Merck KGaA Germany, Merck Foundation, in partnership with African First Ladies and Ministries of Health, continue their strategy to provide one-year diploma and two-year master degree in both Preventive Cardiovascular Medicine and Diabetes for medical postgraduates from more than 35 African and Asian countries, reports ITREALMS.
Dr. Rasha Kelej, CEO of Merck Foundation and One of 100 Most Influential Africans emphasized, “Amidst the pandemic that has rocked the world, we must not forget people living with other health conditions such as Diabetes and Hypertension because they are the Coronavirus risk groups therefore Merck Foundation continues to build Hypertension and Diabetes care training to doctors, in partnership with African First Ladies, Ministries of Health and Academia. Moreover, we also provide training to doctors from Asian countries”.
Merck Foundation has so far enrolled and trained over 183 Medical postgraduates from over 35 countries. As a part of their efforts to build hypertension and diabetes care capacity, Merck Foundation enroll medical postgraduates for One Year Online Diploma and Two Year online master degree in Preventive Cardiovascular Medicine and Diabetes from reputable university in UK. Additionally, they also enroll doctors for a three-month Diabetes Master course from English, French and Portuguese speaking African countries to advance their clinical knowledge in tackling these non-communicable conditions.
Merck Foundation started capacity building of Coronavirus healthcare through providing online one-year diplomas and two year master degree in both Respiratory Medicine and Acute Medicine from UK University, for African doctors.
Dr. Sofia Jarombwereni Natshikare Nepembe, Merck Foundation alumnus from Namibia says, “I feel fortunate to be a part of this program and receive the Postgraduate one-year Diploma in Preventative Cardiovascular Medicine as part of Merck Foundation capacity advancement program. The course has enabled me to learn the advanced scientific developments for prevention and treatment of cardiovascular diseases. The course has helped me to serve my patients better. Merck Foundation is doing a great job by providing postgraduate degrees for doctors like me who are eager to specialize to better serve their communities.”
“We are committed to enroll more doctors for these courses to be able to build a platform of hypertension and diabetes experts in underserved communities. These online courses is the right strategy to scale up our efforts to improve access to quality healthcare solutions widely and effectively especially during Coronavirus lockdown”, explained Dr. Rasha Kelej.
The program started in 35 countries such as: Bangladesh, Botswana, Burkina Faso, Burundi, Cambodia, Cameroon, Central African Republic, Chad, DR Congo, Ethiopia, Gabon, The Gambia, Ghana, Indonesia, Kenya, Liberia, Malaysia, Mauritius, Mozambique, Myanmar, Namibia, Nepal, Niger, Nigeria, Philippines, Rwanda, Senegal, Sierra Leone, South Africa, Sri Lanka, Tanzania, United Arab Emirates, Uganda, Zambia and Zimbabwe.
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Just in: Fatal accident on Otedola Bridge, traffic stretches - ITREALMS
ITREALMS:
A number of Lagosians may have been killed in a fatal accident on Otedola Bridge in Lagos, this morning, reports ITREALMS.
Sources at the bridge confirmed to ITREALMS that many people have been feared dead after a tanker collided with a fully loaded commercial bus on Otedola Bridge, Lagos.
The accident which occurred in the morning hours of today, at the lane inwards Berger, caused heavy traffic that stretched beyond the state Secretariat in Alausa.
As at the time of filing this report, emergency workers were on ground battling to save the situation and prevent a fire outbreak.
More details loading…
Ayo Midele/editor
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A number of Lagosians may have been killed in a fatal accident on Otedola Bridge in Lagos, this morning, reports ITREALMS.
Sources at the bridge confirmed to ITREALMS that many people have been feared dead after a tanker collided with a fully loaded commercial bus on Otedola Bridge, Lagos.
The accident which occurred in the morning hours of today, at the lane inwards Berger, caused heavy traffic that stretched beyond the state Secretariat in Alausa.
As at the time of filing this report, emergency workers were on ground battling to save the situation and prevent a fire outbreak.
More details loading…
Ayo Midele/editor
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Collabo: Ecobank, Google to deliver solutions for SMEs - ITREALMS
ITREALMS:
Ecobank Group and Google collaborating to deliver digital solutions tailored for Ecobank’s Small and Medium-sized Enterprises (SMEs) customers, reports ITREALMS.
The aim, ITREALMS gathered, is to assist African businesses remain relevant and fulfill their potential by embracing digital capabilities.
Ecobank Group, the pan-African Bank, in collaboration with Google is helping to equip African SMEs with the necessary digital skills to navigate the rapidly evolving business world. The aim is to assist African businesses remain relevant and fulfill their potential by embracing digital capabilities.
Josephine Anan-Ankomah, Ecobank’s Group Executive for Commercial Banking said: “As a longstanding pioneer in providing cutting-edge digital solutions for African businesses we are delighted to collaborate with Google to offer timely and relevant solutions, including Google My Business and Google Ad products. These are specifically tailored to meet the needs of our SME customers.”
“Our objective is to be the partner of choice for SMEs, by meaningfully supporting their success and growth. It is therefore a natural step for us to work with Google to help improve the capabilities of our SMEs customers. We are focused on helping them thrive by adopting technology, which is becoming increasingly essential for survival of businesses today.” Added Josephine Anan-Ankomah.
Ecobank’s invaluable eBanking product suite is increasingly relevant in this era of lockdowns and physical distancing due to the COVID-19 pandemic. With this robust platform, Ecobank provides 24/7 access to customers, conveniently meeting the evolving cash management, payment and collection needs of businesses. It is essential that African SMEs take full advantage of the commercial opportunities having a digital presence provides. It will ensure comprehensive engagement between SMEs and their customers as well as potential new customers. Ecobank’s digital banking suite, coupled with its collaboration with Google, will empower SMEs to win.
The digital packages are expected to be available to Ecobank’s SMEs customers across sub-Saharan Africa in May 2020.
Nenye Dom/Editor
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Ecobank Group and Google collaborating to deliver digital solutions tailored for Ecobank’s Small and Medium-sized Enterprises (SMEs) customers, reports ITREALMS.
The aim, ITREALMS gathered, is to assist African businesses remain relevant and fulfill their potential by embracing digital capabilities.
Ecobank Group, the pan-African Bank, in collaboration with Google is helping to equip African SMEs with the necessary digital skills to navigate the rapidly evolving business world. The aim is to assist African businesses remain relevant and fulfill their potential by embracing digital capabilities.
Josephine Anan-Ankomah, Ecobank’s Group Executive for Commercial Banking said: “As a longstanding pioneer in providing cutting-edge digital solutions for African businesses we are delighted to collaborate with Google to offer timely and relevant solutions, including Google My Business and Google Ad products. These are specifically tailored to meet the needs of our SME customers.”
“Our objective is to be the partner of choice for SMEs, by meaningfully supporting their success and growth. It is therefore a natural step for us to work with Google to help improve the capabilities of our SMEs customers. We are focused on helping them thrive by adopting technology, which is becoming increasingly essential for survival of businesses today.” Added Josephine Anan-Ankomah.
Ecobank’s invaluable eBanking product suite is increasingly relevant in this era of lockdowns and physical distancing due to the COVID-19 pandemic. With this robust platform, Ecobank provides 24/7 access to customers, conveniently meeting the evolving cash management, payment and collection needs of businesses. It is essential that African SMEs take full advantage of the commercial opportunities having a digital presence provides. It will ensure comprehensive engagement between SMEs and their customers as well as potential new customers. Ecobank’s digital banking suite, coupled with its collaboration with Google, will empower SMEs to win.
The digital packages are expected to be available to Ecobank’s SMEs customers across sub-Saharan Africa in May 2020.
Nenye Dom/Editor
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Wednesday, May 20, 2020
Curfew in Lagos: Doctors protest Police harassment, begin 'Indefinite Sit-at-Home' - ITREALMS
ITREALMS:
The Nigeria Medical Association (NMA) in Lagos has directed members to immediately proceed on an indefinite sit-at-home strike starting from 6.00 p.m. on Wednesday, reports ITREALMS.
NMA in a statement made available to ITREALMS and signed by its Chairman and Secretary, Saliu Oseni and Ramon Moronkola, respectively in Lagos, said that to strengthen compliance of the curfew, the police in Lagos on Tuesday mounted road blocks in different parts of Lagos by 8.00p.m and allegedly arrested some people, including essential workers that were presumed to have flouted the curfew directive.
The NMA leaders said that their decision was as a result of the conflicting directives by the state government and law enforcement agents on the status of essential workers, including doctors and other health workers.
The doctors also said that their action was necessitated following incessant harassment of healthcare workers in Lagos by the security agents.
“The Lagos State Branch of the NMA has resolved that it is presently unsafe for its members to continue to provide healthcare services under the present confused arrangement.
“We resolve that all doctors under the auspices of the Nigerian Medical Association in Lagos to proceed on a sit-at-home starting from 6.00 p.m. today, May 20, indefinitely.
“Until such time when the state government and the Commissioner of Police, are clear on how they wish to operationalise the lockdown/restriction of movement directive as it relates to essential service and service providers, including healthcare services and doctors,” the NMA leaders said.
They demanded a written statement, signed by the state government and the appropriate police authorities, with clear terms on the status of essential services, including healthcare services and its providers, should be issued.
It should be advertised in the social and mainstream media, and a copy submitted to the Secretariat of the Lagos State Branch of NMA.
“Whereas, the directives of President Muhammadu Buhari, through the Presidential Task Force on COVID-19, was clear on the exemption of essential workers including doctors and other health-workers from the ongoing lockdown/movement restrictions.
“The Commissioner of Police in Lagos State, Mr Hakeem Odumosu, has been issuing conflicting directives on social and mainstream media to the effect that essential workers, including doctors and other health workers are not exempted.
“As a direct result of the conflicting directives of the government and the Lagos State Commissioner of Police, the Lagos State branch of Nigerian Medical Association (NMA) was inundated yesterday evening with several cases of harassments and intimidation of doctors and other health-workers by officers and men of the Police Command in Lagos State.
“The healthcare workers were either resuming duty, returning home, or on-transit to heed an emergency call.
“There was a most disturbing case of an ambulance conveying an injured patient which was prevented from moving to destination, while the attending health workers were harassed and temporarily detained,” the NMA said.
They recalled that similar situation occurred sometimes in the early phase of the ongoing lockdown/restriction of movement based on similar conflicting directives from the Commissioner of Police.
“It took the intervention of the State governor, following a petition by the association, for normalcy to be restored,” they said.
According to them, it is presently unclear how the state government and the CSP wish to operationalise the lockdown/restriction of movement directive, vis-Ã -vis the status of essential workers.
NAN reports that the Federal Government had ordered a 8.00 p.m. to 6.00 a.m. curfew, and an interstate restriction of movement nationwide, in a bid to contain the spread of COVID-19.
The government, however, exempted healthcare workers, media, agriculture, oil and gas, among others, as essential workers.
The Commissioner of Police had earlier announced that the new directive from the Inspector General of Police was that everyone should be at home at 8.00 p.m., including essential workers.
*Nenye Dom with additional report by NAN
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The Nigeria Medical Association (NMA) in Lagos has directed members to immediately proceed on an indefinite sit-at-home strike starting from 6.00 p.m. on Wednesday, reports ITREALMS.
NMA in a statement made available to ITREALMS and signed by its Chairman and Secretary, Saliu Oseni and Ramon Moronkola, respectively in Lagos, said that to strengthen compliance of the curfew, the police in Lagos on Tuesday mounted road blocks in different parts of Lagos by 8.00p.m and allegedly arrested some people, including essential workers that were presumed to have flouted the curfew directive.
The NMA leaders said that their decision was as a result of the conflicting directives by the state government and law enforcement agents on the status of essential workers, including doctors and other health workers.
The doctors also said that their action was necessitated following incessant harassment of healthcare workers in Lagos by the security agents.
“The Lagos State Branch of the NMA has resolved that it is presently unsafe for its members to continue to provide healthcare services under the present confused arrangement.
“We resolve that all doctors under the auspices of the Nigerian Medical Association in Lagos to proceed on a sit-at-home starting from 6.00 p.m. today, May 20, indefinitely.
“Until such time when the state government and the Commissioner of Police, are clear on how they wish to operationalise the lockdown/restriction of movement directive as it relates to essential service and service providers, including healthcare services and doctors,” the NMA leaders said.
They demanded a written statement, signed by the state government and the appropriate police authorities, with clear terms on the status of essential services, including healthcare services and its providers, should be issued.
It should be advertised in the social and mainstream media, and a copy submitted to the Secretariat of the Lagos State Branch of NMA.
“Whereas, the directives of President Muhammadu Buhari, through the Presidential Task Force on COVID-19, was clear on the exemption of essential workers including doctors and other health-workers from the ongoing lockdown/movement restrictions.
“The Commissioner of Police in Lagos State, Mr Hakeem Odumosu, has been issuing conflicting directives on social and mainstream media to the effect that essential workers, including doctors and other health workers are not exempted.
“As a direct result of the conflicting directives of the government and the Lagos State Commissioner of Police, the Lagos State branch of Nigerian Medical Association (NMA) was inundated yesterday evening with several cases of harassments and intimidation of doctors and other health-workers by officers and men of the Police Command in Lagos State.
“The healthcare workers were either resuming duty, returning home, or on-transit to heed an emergency call.
“There was a most disturbing case of an ambulance conveying an injured patient which was prevented from moving to destination, while the attending health workers were harassed and temporarily detained,” the NMA said.
They recalled that similar situation occurred sometimes in the early phase of the ongoing lockdown/restriction of movement based on similar conflicting directives from the Commissioner of Police.
“It took the intervention of the State governor, following a petition by the association, for normalcy to be restored,” they said.
According to them, it is presently unclear how the state government and the CSP wish to operationalise the lockdown/restriction of movement directive, vis-Ã -vis the status of essential workers.
NAN reports that the Federal Government had ordered a 8.00 p.m. to 6.00 a.m. curfew, and an interstate restriction of movement nationwide, in a bid to contain the spread of COVID-19.
The government, however, exempted healthcare workers, media, agriculture, oil and gas, among others, as essential workers.
The Commissioner of Police had earlier announced that the new directive from the Inspector General of Police was that everyone should be at home at 8.00 p.m., including essential workers.
*Nenye Dom with additional report by NAN
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NIPOST gut by fire - ITREALMS
ITREALMS:
The Nigerian Postal Service (NIPOST) Headquarters in the Area 10 of the Federal Capital Territory (FCT) Abuja was on Wednesday morning engulfed by an early morning fire, reports ITREALMS.
Also, the News Express quoted the News Agency of Nigeria (NAN), as affirming this story, stated that FCT Fire Service personnel were alerted and equally on hand to contain the fire.ITREALMS also gathered that the fire started at about 8:40 a.m.
NIPOST, ITREALMS recalls is a government-owned and operated corporation, with responsible for providing postal services in Nigeria. It has more than 20,000 employees and runs more than 5,000 post offices.
Just last month, April, there was a fire outbreak at the Treasury House, which is the headquarters of the Office of the Accountant-General of the Federation (AGF).
The FCT Police Commissioner, CP Bala Ciroma, who briefed newsmen at the scene of the incident, assuring an investigation into the cause of the fire had commenced.
He further confirmed some parts of the building was damaged by the incident, although the fire was successfully put out without casualties.
Uboshe Uboshe/Editor
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The Nigerian Postal Service (NIPOST) Headquarters in the Area 10 of the Federal Capital Territory (FCT) Abuja was on Wednesday morning engulfed by an early morning fire, reports ITREALMS.
Also, the News Express quoted the News Agency of Nigeria (NAN), as affirming this story, stated that FCT Fire Service personnel were alerted and equally on hand to contain the fire.ITREALMS also gathered that the fire started at about 8:40 a.m.
NIPOST, ITREALMS recalls is a government-owned and operated corporation, with responsible for providing postal services in Nigeria. It has more than 20,000 employees and runs more than 5,000 post offices.
Just last month, April, there was a fire outbreak at the Treasury House, which is the headquarters of the Office of the Accountant-General of the Federation (AGF).
The FCT Police Commissioner, CP Bala Ciroma, who briefed newsmen at the scene of the incident, assuring an investigation into the cause of the fire had commenced.
He further confirmed some parts of the building was damaged by the incident, although the fire was successfully put out without casualties.
Uboshe Uboshe/Editor
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Mobile-voice plan: 70 countries yet to achieve 1% GNI - ITREALMS
The International Telecommunications Union (ITU), has revealed that some 70 countries currently have a low-usage mobile-voice plan which translates to less than 1 per cent of Gross National Income (GNI) per capita, reports ITREALMS.
ITU’s latest Measuring Digital Development: ICT Price Trends 2019, available to ITREALMS, showed in its key results that an entry-level mobile-voice basket remains broadly affordable in most countries.
ITU Secretary-General, Mr. Houlin Zhao, was quoted as saying that “In 70 countries, a low-usage mobile-voice plan was available for less than 1 per cent of gross national income (GNI) per capita, and in a further 37 countries it stood below 2 per cent.”
He was quick to add that although causality is difficult to prove, price reductions have undoubtedly helped contribute to the rapid rise in the mobile-voice penetration rate, alongside growing competition and better price monitoring and evaluation by regulators.
The expansion of bundled services, ITU said, further reduced prices, as combined data-and-voice baskets are generally less expensive than the sum of the two separate baskets in most markets.
“Prices have decreased from 2013 to 2019 relative to GNI per capita The global average price of a mobile-data basket of 1.5 GB shrank from 8.4 per cent of GNI per capita in 2013 to 3.2 per cent in 2019, at a compound annual growth rate of almost -15 per cent. When expressed in USD, the global average price of a mobile-data basket of at least 1.5 GB dropped by 7 per cent on average annually between 2013 and 2019,” ITU pointed out.
ITREALMS gathered that a good progress has been made towards the Broadband Commission for Sustainable Development's target of achieving affordable broadband costing 2-5 per cent of GNI per capita by 2025, but still more remains to be done.
“There are still nine developing countries and 31 LDCs that have yet to reach the 2 per cent target by 2025,” the ITU analysis revealed.
In addition, ITU disclosed that fixed-broadband packages remained generally more expensive than mobile-data packages; although data allowances are not always directly comparable.
“Over the past four years, the affordability of fixed broadband has not changed substantially, but advertised download speeds continue to increase,” ITU affirmed.
ITU’s latest Measuring Digital Development: ICT Price Trends 2019, available to ITREALMS, showed in its key results that an entry-level mobile-voice basket remains broadly affordable in most countries.
ITU Secretary-General, Mr. Houlin Zhao, was quoted as saying that “In 70 countries, a low-usage mobile-voice plan was available for less than 1 per cent of gross national income (GNI) per capita, and in a further 37 countries it stood below 2 per cent.”
He was quick to add that although causality is difficult to prove, price reductions have undoubtedly helped contribute to the rapid rise in the mobile-voice penetration rate, alongside growing competition and better price monitoring and evaluation by regulators.
The expansion of bundled services, ITU said, further reduced prices, as combined data-and-voice baskets are generally less expensive than the sum of the two separate baskets in most markets.
“Prices have decreased from 2013 to 2019 relative to GNI per capita The global average price of a mobile-data basket of 1.5 GB shrank from 8.4 per cent of GNI per capita in 2013 to 3.2 per cent in 2019, at a compound annual growth rate of almost -15 per cent. When expressed in USD, the global average price of a mobile-data basket of at least 1.5 GB dropped by 7 per cent on average annually between 2013 and 2019,” ITU pointed out.
ITREALMS gathered that a good progress has been made towards the Broadband Commission for Sustainable Development's target of achieving affordable broadband costing 2-5 per cent of GNI per capita by 2025, but still more remains to be done.
“There are still nine developing countries and 31 LDCs that have yet to reach the 2 per cent target by 2025,” the ITU analysis revealed.
In addition, ITU disclosed that fixed-broadband packages remained generally more expensive than mobile-data packages; although data allowances are not always directly comparable.
“Over the past four years, the affordability of fixed broadband has not changed substantially, but advertised download speeds continue to increase,” ITU affirmed.
Chuks Egbune/DoP
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Zoho fixes local pricing for Nigerian businesses - ITREALMS
The global technology company, Zoho Corporation has pegged all its 45+ business software applications available at a fixed Nigerian Naira price, reports ITREALMS.
The move, part of the brand’s global survive-and-serve strategy, seeks to ease the impact of currency fluctuations, especially on small businesses. It also aims to significantly reduce barriers to entry for SMEs who are considering multiple solutions from different global vendors.
Zoho, through the Small Business Emergency Subscription Assistance Program, is also offering its existing, qualifying small business customers a three-month waiver on their subscription fees. A number of additional initiatives and resources have been launched for businesses to help them weather the Covid-19 crisis. This includes Remotely, a remote working toolkit, which is freely available to all businesses until July 1, 2020.
“Serving our local communities and businesses is a key focus for Zoho, and we recognise that the impact of the global Covid-19 pandemic is forcing businesses to adopt digitisation much faster than they might otherwise have,” says Andrew Bourne, Country Manager, Africa, Zoho Corp.
“Zoho seeks to make this adoption both simple and affordable by providing its world-class software solutions at a fair price, protected from exchange rate fluctuations. Customers are also guaranteed privacy and security of their data,” he adds.
Among Zoho's top-selling products in the country are Zoho One and Zoho Workplace:
Zoho One is an all-in-one integrated suite of 45+ applications that can run an entire business in the cloud. With Zoho One, a company can manage all its functionalities from marketing, sales, and support, to HR, accounting, and back-office operations—making it a true operating system for business. It is available from NGN7800 per employee, per month (billed annually).
Zoho Workplace offers a suite of productivity apps catering to the needs of today’s modern, distributed workforce. It comprises email, file storage, word processor, spreadsheets, presentations, employee intranet, team chat and online video conferencing tools, and is available from NGN780 per user, per month (billed annually).
Zoho conducts free seminars and training sessions aimed specifically at the African market, educating users about how to adopt cloud technology to grow their businesses. After the success of its first-ever African Zoholics (Zoho's user conference) event in Johannesburg in September 2019, the company hosted another Zoholics in Cairo, Egypt, in February this year.
Nenye Dom/Editor
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The move, part of the brand’s global survive-and-serve strategy, seeks to ease the impact of currency fluctuations, especially on small businesses. It also aims to significantly reduce barriers to entry for SMEs who are considering multiple solutions from different global vendors.
Zoho, through the Small Business Emergency Subscription Assistance Program, is also offering its existing, qualifying small business customers a three-month waiver on their subscription fees. A number of additional initiatives and resources have been launched for businesses to help them weather the Covid-19 crisis. This includes Remotely, a remote working toolkit, which is freely available to all businesses until July 1, 2020.
“Serving our local communities and businesses is a key focus for Zoho, and we recognise that the impact of the global Covid-19 pandemic is forcing businesses to adopt digitisation much faster than they might otherwise have,” says Andrew Bourne, Country Manager, Africa, Zoho Corp.
“Zoho seeks to make this adoption both simple and affordable by providing its world-class software solutions at a fair price, protected from exchange rate fluctuations. Customers are also guaranteed privacy and security of their data,” he adds.
Among Zoho's top-selling products in the country are Zoho One and Zoho Workplace:
Zoho One is an all-in-one integrated suite of 45+ applications that can run an entire business in the cloud. With Zoho One, a company can manage all its functionalities from marketing, sales, and support, to HR, accounting, and back-office operations—making it a true operating system for business. It is available from NGN7800 per employee, per month (billed annually).
Zoho Workplace offers a suite of productivity apps catering to the needs of today’s modern, distributed workforce. It comprises email, file storage, word processor, spreadsheets, presentations, employee intranet, team chat and online video conferencing tools, and is available from NGN780 per user, per month (billed annually).
Zoho conducts free seminars and training sessions aimed specifically at the African market, educating users about how to adopt cloud technology to grow their businesses. After the success of its first-ever African Zoholics (Zoho's user conference) event in Johannesburg in September 2019, the company hosted another Zoholics in Cairo, Egypt, in February this year.
Nenye Dom/Editor
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Over 33 Nigerians killed by law enforcement officers during lockdown - ITREALMS
The CLEEN Foundation has called for disciplinary action against security personnel violating government ban on inter-state movement by extorting citizens to allow movement in and out of states, thereby promoting the spread of the Coronavirus disease (COVID-19) across the country, reports ITREALMS.
This was contained in a statement on Tuesday by the Executive Director, CLEEN Foundation, Mr. Benson Olugbuo, decrying the complicity of security operatives who allow interstate movements despite the restrictions have resulted in the increase in infection in the affected states.
Olugbuo expressed concerns that inter-state travel is still on the rise under the watch of these law enforcement agancies.
"In Edo, a trailer conveying 84 travelers from the Northern part of the country were intercepted at Irrua by the state task force, the travelers were taken to Irrua specialist hospital where three (3) of the persons tested positive for COVID-19. In Akwa Ibom state, a truckload of cattle herders was apprehended at Itu LGA (a boundary point between Akwa Ibom and Cross River state) by a Divisional Police Officer.
"Ogun Waterside LGA of Ogun state that borders Lagos and Ondo states has also remained a key entry point due to the porous nature of both the land and sea borders. This has also led to a high number of COVID-19 infected victims that has been discovered in the LGA.
"In Ekiti state, reports from border LGAs such as Ikere, Emure, Ekiti South West, Moba, Ekiti West etc indicate that security agents extort money between N200 – N5000 from travelers to allow movement in and out of the state," the report read.
The report recommended that security institutions and their oversight agencies sustain internal and external disciplinary measures to discipline personnel who are guilty of extorting citizens and violating human rights to serve as deterrent to other officers.
Nenye Dom/Editor
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This was contained in a statement on Tuesday by the Executive Director, CLEEN Foundation, Mr. Benson Olugbuo, decrying the complicity of security operatives who allow interstate movements despite the restrictions have resulted in the increase in infection in the affected states.
Olugbuo expressed concerns that inter-state travel is still on the rise under the watch of these law enforcement agancies.
"In Edo, a trailer conveying 84 travelers from the Northern part of the country were intercepted at Irrua by the state task force, the travelers were taken to Irrua specialist hospital where three (3) of the persons tested positive for COVID-19. In Akwa Ibom state, a truckload of cattle herders was apprehended at Itu LGA (a boundary point between Akwa Ibom and Cross River state) by a Divisional Police Officer.
"Ogun Waterside LGA of Ogun state that borders Lagos and Ondo states has also remained a key entry point due to the porous nature of both the land and sea borders. This has also led to a high number of COVID-19 infected victims that has been discovered in the LGA.
"In Ekiti state, reports from border LGAs such as Ikere, Emure, Ekiti South West, Moba, Ekiti West etc indicate that security agents extort money between N200 – N5000 from travelers to allow movement in and out of the state," the report read.
The report recommended that security institutions and their oversight agencies sustain internal and external disciplinary measures to discipline personnel who are guilty of extorting citizens and violating human rights to serve as deterrent to other officers.
Nenye Dom/Editor
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COVID-19: PRAWA trains Correctional Officers on guidelines for sanctioning offenders - ITREALMS
The Prisoners Rehabilitation and Welfare Action (PRAWA) has trained Nigerian Correctional Service (NCS) officers on Non-Custodial Measures in the Federal Capital Territory (FCT), on guidelines for the supervision of offenders Serving Non-Custodial Sentence and punishment of violators during the COVID-19 lockdown, reports ITREALMS.
This was contained in a statement issued on Tuesday by Ogechi Ogu, Deputy Director, PRAWA and made available to ITREALMS.
According to PRAWA, an overview of the newly developed Manual for Non-custodial Correctional Officers on the supervision of offenders during COVID 19 Pandemic is critical.
Some of the 13-guideline sections which the officers were trained on are; the underlying Principles & Rationality of Punishing Criminal Violations During Covid 19 Lockdown Restrictions; Safety, Protection and Compliance with Health Protocols in Correctional Officers Workspaces.
Others are; recommending Sanctions for COVID 19 Violations and other Criminal Infractions, preparing Pre-Sentencing Report for Courts; Supervision of Offenders Serving Non-Custodial Sentenced and Progress Report for Offenders Serving Non-Custodial Sentences.
The training which was supported by the European Union, British Council and Rule of Law and Anti-Corruption RoLAC, had in attendance thirty Eight (38) participants including a representative of ROLAC , Dr. Oluwatoyin Badejogbin, Component Manager (ROLAC) Program , Vivian Geiram, a former Director of the Irish Probation Service, Mr Clement Job Okech, Assistant Director of Kenya Probation and Aftercare Service , Senior officers of the Nigerian Correctional Service and the Non-Custodial Officers currently piloting the implementation of Non-Custodial Measures in the FCT.
Uboshe Uboshe/Editor
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This was contained in a statement issued on Tuesday by Ogechi Ogu, Deputy Director, PRAWA and made available to ITREALMS.
According to PRAWA, an overview of the newly developed Manual for Non-custodial Correctional Officers on the supervision of offenders during COVID 19 Pandemic is critical.
Some of the 13-guideline sections which the officers were trained on are; the underlying Principles & Rationality of Punishing Criminal Violations During Covid 19 Lockdown Restrictions; Safety, Protection and Compliance with Health Protocols in Correctional Officers Workspaces.
Others are; recommending Sanctions for COVID 19 Violations and other Criminal Infractions, preparing Pre-Sentencing Report for Courts; Supervision of Offenders Serving Non-Custodial Sentenced and Progress Report for Offenders Serving Non-Custodial Sentences.
The training which was supported by the European Union, British Council and Rule of Law and Anti-Corruption RoLAC, had in attendance thirty Eight (38) participants including a representative of ROLAC , Dr. Oluwatoyin Badejogbin, Component Manager (ROLAC) Program , Vivian Geiram, a former Director of the Irish Probation Service, Mr Clement Job Okech, Assistant Director of Kenya Probation and Aftercare Service , Senior officers of the Nigerian Correctional Service and the Non-Custodial Officers currently piloting the implementation of Non-Custodial Measures in the FCT.
Uboshe Uboshe/Editor
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Tuesday, May 19, 2020
Declining prices: Telecom services yet to increase Internet penetration - ITREALMS
The latest global analysts of prices for mobile-voice, mobile-data and fixed-broadband services suggest that affordability is not the only barrier to Internet uptake, says the International Telecommunications Union (ITU), reports ITREALMS.
ITU in its Measuring Digital Development: ICT Price Trends 2019, made available to ITREALMS, noted that on average, prices for mobile-voice, mobile-data and fixed-broadband services are decreasing steadily around the world, and in some countries even dramatically.
The reduction in price, as said by the ITU Secretary-General, Mr Houlin Zhao, is relative to income is even more dramatic, suggesting that, globally, telecommunication and information and communication technology services are becoming more affordable.
“However, both trends do not translate into rapidly increasing Internet penetration rates which suggest that there are other barriers to Internet use,” he said.
"Keeping telecommunication and digital services as affordable as possible has always been important to ensure broader Internet uptake, especially for lower-income households and consumers," he said, stressing that in the face of COVID-19, this is more vital than ever.
“People who do not have access to the Internet may not be able to access information about how to protect themselves from coronavirus, telework, learn remotely and connect with families and friends during quarantine," Zhao said.
ITREALMS gathered that the latest statistics from ITU confirmed that affordability may not be the only barrier to Internet uptake, and that other factors such as low level of education, lack of relevant content, lack of content in local languages, lack of digital skills, and a low-quality Internet connection may also prevent effective use.
Also speaking, the Director, ITU Telecommunication Development Bureau, Doreen Bogdan-Martin, the COVID-19 crisis has clearly shown that nobody is safe until all are safe.
“By the same token, we will not be able to use the full potential of digital technologies until we are all connected. To connect all, we need to address all factors that may prevent meaningful connectivity," Bogdan-Martin said.
Remmy Nweke/DoP
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ITU in its Measuring Digital Development: ICT Price Trends 2019, made available to ITREALMS, noted that on average, prices for mobile-voice, mobile-data and fixed-broadband services are decreasing steadily around the world, and in some countries even dramatically.
The reduction in price, as said by the ITU Secretary-General, Mr Houlin Zhao, is relative to income is even more dramatic, suggesting that, globally, telecommunication and information and communication technology services are becoming more affordable.
“However, both trends do not translate into rapidly increasing Internet penetration rates which suggest that there are other barriers to Internet use,” he said.
"Keeping telecommunication and digital services as affordable as possible has always been important to ensure broader Internet uptake, especially for lower-income households and consumers," he said, stressing that in the face of COVID-19, this is more vital than ever.
“People who do not have access to the Internet may not be able to access information about how to protect themselves from coronavirus, telework, learn remotely and connect with families and friends during quarantine," Zhao said.
ITREALMS gathered that the latest statistics from ITU confirmed that affordability may not be the only barrier to Internet uptake, and that other factors such as low level of education, lack of relevant content, lack of content in local languages, lack of digital skills, and a low-quality Internet connection may also prevent effective use.
Also speaking, the Director, ITU Telecommunication Development Bureau, Doreen Bogdan-Martin, the COVID-19 crisis has clearly shown that nobody is safe until all are safe.
“By the same token, we will not be able to use the full potential of digital technologies until we are all connected. To connect all, we need to address all factors that may prevent meaningful connectivity," Bogdan-Martin said.
Remmy Nweke/DoP
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Post-Covid-19 Committee for Creative Industry inaugurated - ITREALMS
“The Committee's membership, as announced two weeks ago, has now been expanded to include as many sectors as possible. This is to ensure a fair representation,'' the Minister said while inaugurating the committee in his office in Abuja on Tuesday.
''However, while the committee cannot accommodate all members of the industry, it is certain that all members will benefit from its work. I therefore want to implore the entire industry to support this committee. This is no time for
division. All hands must be on deck so the industry can rebound,” he said.
Alhaji Mohammed described the Creative Industry as a very critical sector of the nation's economy and a major plank of the economic diversification policy of this Administration.
He said that in view of the devastating impact of Covid-19 on the Creative Industry, it has become imperative to have a collective and government-supported approach in dealing with the immediate, short and long term economic stimulus and initiatives for the industry, in order to mitigate the effect of the pandemic on the sector.
“Two weeks ago, I announced the establishment of this committee. In doing so, I said the Covid-19 pandemic has impacted negatively on the nation, and that the Creative Industry has been particularly hard hit, considering the fact that it is an industry that has people-interaction at its core. I also said that instead of addressing these problems piecemeal, we should do so holistically for a more
positive outcome”, he said.
While commending members of the Committee for their sacrifice and love of country, he urged them to do justice to the assignment, which will culminate in suitable recommendations that will help the industry to thrive and expand.
In his response, the Chairman of the Committee, Mr. Ali Baba, expressed the appreciation that the Creative Industry has been given a pride of place under this administration because of its huge contribution to the diversification of the nation's economy.
He assured that members of the committee will work in unison to represent the entire creative industry and not just their respective sectors.
The Committee’s Terms of Reference are: Assess the expected impact of the pandemic on the industry in general; advise the Government on how to mitigate job and revenue losses in the sector as well as to create succour for the industry small businesses; suggest the type of taxation and financing that is best for the industry at this time to
encourage growth and advise the Government on any other measure or measures that can be undertaken to support the industry.
Members of the Committee are:
1. Ali Baba - Comedy, Film and TV (Chairman)
2. Hajia Sa'a Ibrahim - Broadcasting Organizations of Nigeria
(BON) - Vice Chairman
3. Bolanle Austen Peters – Film and Performing Arts
4. Charles Novia – Television and Independent Producer
5. Segun Arinze- Actor and Producer
6. Ali Jita – Actor and Musician
7. Baba Agba – Film Director
8. Kene Okwuosa – Cinema and Distribution
9. Efe Omoregbe – Record label and Collective rights management
10. Prince Daniel Aboki – Radio and Film
11. Chioma Ude – Streaming
12. Olumade Adesemowo – Television and Platform (FreeTV)
13. Dare Art Alade – Livespot Entertainment
14. Oliver Enwonwu - President, Society of Nigerian Artists (SNA),
15. Alhaji Saleh Rabo - President, Federation of Tourism Associations of Nigeria
16. Bala Hassan - Booksellers Association
17 Ali Nuhu - Kannywood
18 Tajudeen Owoyemi - Hotels
19. B.M. Dzukogi - Association of Nigerian Authors
20. TY Bello - Photography
21. Lanre Da Silva Ajayi - Fashion
22. Anita Eboigbe - Secretary
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Zenith Insurance garners N3.67bn before tax - ITREALMS
ITREALMS:
Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16 per cent from N3.16bn to N3.67bn while profit after tax rose by 10per cent up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn.
Gross premium grew by 17per cent year-on-year from N13.7bn to N16.1bn, while there was a 46per cent growth in underwriting profit from N2.77bn to N4.06bn. The company made substantial gains from reduced claim expenses and healthy growth in gross written premiums.
Investment income showed an increase of 2per cent year on year, up from N3.55bn in 2018 to N3.63bn in 2019 despite lower yields on most investment classes in 2019.
The Managing Director/CEO, Mr. Kehinde Borisade said “we are re-affirming our mission statement that Zenith General Insurance Ltd exists to ensure peace of mind and also create value to people in a world of uncertainties. This is evident in our strong financial performance showing improvement across the board through increased premium income, underwriting profits and investment income despite the economic headwinds witnessed in various sectors of the economy. We also ensured prompt settlement of claims with total claims payment of N3.8bn for the year and an average settlement turnaround time of three days.”
He added that “our company has continued to maintain a very strong and healthy financial position with a growth of 6per cent year-on-year on total assets, and a 4per cent increase in shareholders’ funds. We also continue to strive to be the best in the insurance industry; maintaining the strongest solvency position and closing the year with a solvency ratio of 726 per cent''.
Zenith Insurance is one of Nigeria’s leading insurance institutions. The company is one of the first Insurance companies to have met the recapitalisation requirements of the National Insurance Commission (NAICOM) by recapitalising its share capital from N3bn to N10bn.
Chuks Egbune/Editor
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Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16 per cent from N3.16bn to N3.67bn while profit after tax rose by 10per cent up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn.
Gross premium grew by 17per cent year-on-year from N13.7bn to N16.1bn, while there was a 46per cent growth in underwriting profit from N2.77bn to N4.06bn. The company made substantial gains from reduced claim expenses and healthy growth in gross written premiums.
Investment income showed an increase of 2per cent year on year, up from N3.55bn in 2018 to N3.63bn in 2019 despite lower yields on most investment classes in 2019.
The Managing Director/CEO, Mr. Kehinde Borisade said “we are re-affirming our mission statement that Zenith General Insurance Ltd exists to ensure peace of mind and also create value to people in a world of uncertainties. This is evident in our strong financial performance showing improvement across the board through increased premium income, underwriting profits and investment income despite the economic headwinds witnessed in various sectors of the economy. We also ensured prompt settlement of claims with total claims payment of N3.8bn for the year and an average settlement turnaround time of three days.”
He added that “our company has continued to maintain a very strong and healthy financial position with a growth of 6per cent year-on-year on total assets, and a 4per cent increase in shareholders’ funds. We also continue to strive to be the best in the insurance industry; maintaining the strongest solvency position and closing the year with a solvency ratio of 726 per cent''.
Zenith Insurance is one of Nigeria’s leading insurance institutions. The company is one of the first Insurance companies to have met the recapitalisation requirements of the National Insurance Commission (NAICOM) by recapitalising its share capital from N3bn to N10bn.
Chuks Egbune/Editor
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Electroneum targets Africa for phase two top-ups - ITREALMS
ITREALMS:
“Phase One has come to its end with great success,” said Mr. Ells. “The first two years and six months have been about adoption, and today we can proudly say we met our goal. We distributed a lot of ETN via our ETN Rewards system, which has been crucial to bringing in as many users as we have.”
Mr. Ells went on to reiterate the end of what he called the inflationary period. “We now move on to Phase Two, where we focus on greater liquidity and crypto community engagement, increased trading volumes to secure more deals with corporates, and further ETN adoption.”
The CEO further said that Electroneum would be present in many more crypto exchanges around the world, including in the US and in India, where there is a vast ETN user base and room for more remarkable growth.
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Electroneum has finalized the ETN giveaway and kicks off a new era of growth with exciting new products and services
as phase one comes to an end along with ETN Rewards, reports ITREALMS.
as phase one comes to an end along with ETN Rewards, reports ITREALMS.
The phase two, ITREALMS gathered, has been slated to kick off with ETN Everywhere, ETN Donate and in-Electroneum-app electricity top-ups in four African countries by June 2020ITREALMS also gathered that in some 30 months since its official launch in November 2017, Electroneum has garnered nearly 3.9 million registered users, 2.4 million ETN app downloads, 100,000 blockchain transactions per month, 250,000 app-to-app ETN transfers, nearly 100,000 mobile airtime and data top-ups and hundreds of places where you can use ETN.
"That, alongside the end of the current ETN Rewards systems, marks the highly successful completion of Phase 1, which saw astonishing growth and a social media following of over 300,000, far exceeding the expectations of the award-winning crypto.
"That, alongside the end of the current ETN Rewards systems, marks the highly successful completion of Phase 1, which saw astonishing growth and a social media following of over 300,000, far exceeding the expectations of the award-winning crypto.
“Our ETN Rewards systems and the referral model we put in place in November 2017 helped us reach these impressive numbers that no other crypto has achieved,” said the CEO and Founder of the UK-based crypto, Richard Ells.
"It is now time to end them and enter Phase Two," he said
The launch of ETN Donate and ETN Everywhere, with a greater focus on the value of Electroneum’s token mark the start of Phase Two, a new and exciting era for ETN and its entire community.
The launch of ETN Donate and ETN Everywhere, with a greater focus on the value of Electroneum’s token mark the start of Phase Two, a new and exciting era for ETN and its entire community.
“Phase One has come to its end with great success,” said Mr. Ells. “The first two years and six months have been about adoption, and today we can proudly say we met our goal. We distributed a lot of ETN via our ETN Rewards system, which has been crucial to bringing in as many users as we have.”
Mr. Ells went on to reiterate the end of what he called the inflationary period. “We now move on to Phase Two, where we focus on greater liquidity and crypto community engagement, increased trading volumes to secure more deals with corporates, and further ETN adoption.”
The CEO further said that Electroneum would be present in many more crypto exchanges around the world, including in the US and in India, where there is a vast ETN user base and room for more remarkable growth.
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Right of Way: The Ekiti State Example - ITREALMS
Many things in Nigeria appear unfixable. Things that other countries take almost for granted we seem to struggle with, eternally. It is a characteristic that pervades nearly everything we do as a country. It continues to impact negatively on the nation's growth.
Take communications. Almost two decades after the liberalisation of the nation’s communications sector, operators and regulatory agencies still point to the same things as hindering growth of the sector - multiple taxation and Right of Way (RoW) approvals. Right of Way is particularly contentious as it directly stalls the growth of the sector and impacts on the quality of service.
This is how it works. To extend the reach of its services operating companies need to lay fibre optic cables to access relevant locations. To do this they must seek and gain approval from government and relevant agencies. Governors have instituted charge for RoW. This process aside from being cumbersome and time consuming is equally quite expensive.
The RoW charge is the levy paid to state governments for the right to lay of optic fibre by telecoms operators. It is curious that charge only applies to telecom services providers, whereas there are other players that require RoW. For instance, oil industry for the pipelines, power companies for electricity cables and maybe water cooperation for water pipes.
The sad part is that state governments now view RoW charges as money-making venture. Some have set up agencies to collect this supposed largesse and few others collaborate with private companies to collect and distribute the proceeds. It is every shade of wrong and untidy. Sadly, telecom service providers appear to be the only victims.
This was the case until the Ekiti state government decided to buck the trend. Last week, the state governor, Dr. Kayode Fayemi announced that the government has slashed the right of way charges for telecommunications infrastructure from N4,500 to N145 per meter.
The governor signed an Executive Order reducing the Right of Way charges related to laying broadband or any other telecommunications infrastructures from N4,500 to N145 per meter. He noted “This is part of the government’s strategy to create an enabling environment for businesses, ensure ease of doing business, and reduce barriers to capital investments and broadband services in the state.”
The order read in part: “The government of Ekiti state is desirous of providing all those living in Ekiti state, especially rural communities with access to reliable, affordable broadband connectivity. Broadband connectivity across Ekiti state will enhance the ability of the government of Ekiti state to increase economic prosperity; attract new businesses, enhance job growth, extend the reach of affordable, high-quality healthcare, enrich student learning with digital tools, and facilitate access to the digital marketplace.”
Ekiti State has demonstrated beyond rhetoric that it is truly committed to increasing connectivity in its domain. It has shown that honour and Integrity are not mere words but action, solid actions. The Ekiti State government has, by this action, written its name in gold letters in the history of the nation’s telecom development.
Ekiti has shown beyond a doubt that it seeks the best for its citizens. It has demonstrated that it understands what it takes to compete in the digital era. By this action, the state is actively calling on operators to come and invest in the state.
Ekiti State is saying loud and clear that it is ready for business.
There are insinuations the state is only assenting to the rates agreed by the NEC to create uniform Right of Way (RoW) charge of N145 per linear meter of fibre. It is neither here nor there. The state government has simply taken the lead. It has shown that it can be done. Other states now need to quickly follow suit. For now, Ekiti State deserves all the commendations.
The benefits of widespread connectivity are incalculable. The governor spoke of “affordable broadband connectivity.” This precisely what this about widespread availability of high-speed, always-on broadband internet connectivity.
Broadband is rightly regarded, rightly, as a powerful general-purpose technology. Across the globe, it continues to drive widespread changes in the information and communication technologies (ICTs) space enabling among other things, cloud computing, internet of things, smart homes and cities and mobile apps.
Broadband is equally influencing innovation across many other sectors including financial inclusion, telemedicine and electronic government.
According to the World Bank, “A 10 percentage point increase in broadband penetration raised annual per capita growth by 0.9-1.5 percentage points.”
So, clearly, the government has done a good thing. It now needs to do other good things. It must seriously consider establishing ICT parks, create technology hubs, energize startups and precipitate. It also needs to find a way to make access to digital learning a key part of its education pillar.
Again, the Ekiti State government has taken a perennial challenge for operators in the Nigeria telecom space and made easy work of it. It has highlighted its appreciation of the importance of connectivity.
Connectivity boosts productivity. Every study supports this assertion. States interested in genuine development must reconsider their current stand on RoW charges. This is time to do the right thing and give your citizens a chance to explore and exploit the digital society.
What Ekiti has done is simple yet revolutionary. It is sort of out-of-the-box thinking that has immense potential to promote competition, drive innovation and guarantee market growth. It might have been a small step for the government but it is a huge leap towards making broadband opportunity reachable for all citizens in Ekiti state.
The goal, of course, is to deepen broadband penetration for the social and economic development of the country. Ekiti State has taken the first step. It is on the right track. Others must now follow suit.
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