2020: Only technology driven exploration'll attract capital - ITREALMS

ITREALMS:

Technology driven exploration has been identified as one of the sustainable fiscal reforms expected to attract capital to the continent’s energy sector, according to African Energy Chamber in its latest outlook for 2020, reports ITREALMS.

The chamber, ITREALMS also reports that in African Energy Outlook 2020 that hundreds of blocks and acreages will be up for grab across Africa, from Senegal to Nigeria to Somalia. Competition will be fierce to attract capital from a diversifying basket of explorers now coming from North America, Europe, Russia, China, India, South East Asia and the Middle East.

In 2019, several African countries revised their legal and fiscal framework to incentivize exploration, as new world-class discoveries were yet again made on the continent. With the signing of no less than 9 PSCs in 2019 following the passing of its brand new Hydrocarbons Code, Gabon has shown that investors are ready to keep betting on Africa providing that the right legislation and framework are put in place.

In its Energy Outlook 2020, the Chamber notably stresses investors’ concerns over uncertain fiscal terms in sub-Saharan Africa, and calls on governments to find better ways to reconcile their expectations of short-term tax gains with the need for sustainable and long-term investment in exploration.

The importance of increasing exploration efforts cannot be under-estimated in Africa. The continent is the world’s hottest exploration frontier, with several discoveries made over the past few years. The world’s largest discovery this year was made off the coast of Mauritania by Kosmos Energy. It adds up to other large discoveries made this year by Noble Energy in Equatorial Guinea, or the Springfield Group in Ghana for instance.

“2020 needs to be a drilling year,” declared Nj Ayuk, Executive Chairman of the African Energy Chamber and CEO of the Centurion Law Group. “Africa has the highest exploration success rates in the world. In basins like the MSGBC, international explorers like Kosmos Energy have even had a 100 percent success rate from all their exploratory drilling,” he added. “It is up to African governments and legislators to provide the right framework to keep attracting these kind of players ready to take risks and bet on our continent’s potential.”



Promoting and supporting exploration efforts across the continent is a key goal of the Chamber in 2020, as stated in its latest outlook for the sector.

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Oyewole: Lack of information governance, bane of national digital economy policy - ITREALMS

ITREALMS: 

Lack of effective data and information governance has been identified as potential bane of any national digital economy policy implementation in the country, reports ITREALMS.

The President and Chairman, Governing Council, Institute of Information Management (IIM), Amb. (Dr) Oyedokun Ayodeji Oyewole, made this observation in Lagos at the weekend, during the media presentation of the National Information Management Stakeholders’ Forum (NIMSF).

He decried that both government and a good number of organizations were yet to regard data and information as essential corporate assets, with a clear understanding of the difference between Information Technology (IT) and Information Management (IM).

Oyewole, who also is the founder, Records and Information Management Awareness (RIMA) Foundation, noted that the need for information management professionals in the country to be charged with managing the information life-cycle to evolve and assume their rightful position, as Information Management is gross misconceived in Nigeria cannot be over emphasized.

Stressing that for an effective National Digital Economy Policy implementation, there is a need for the industry to effectively and consistently engage the Ministry of Information and Culture, “as effective data and information governance will go a long way in ensuring the success of the initiative.”

ITREALMS recalls that stakeholders in Nigeria may be gearing up for a revolution in the Information Management (IM) industry with their strong demand for the creation of National Information Management Development Agency (NIMDA), reports ITREALMS.

NIMSF also called for the breakout of Information and Archives departments from the current Ministry of Information and Culture by creating NIMDA to enable transformation and repositioning, especially on data and information governance in the country.

In addition, NIMDA, he said, for instance, will be setting the standards and ensuring that qualified and certified personnel are assigned to the management of government data and information.

Also, he said, developing and promoting best practices in government business processes and providing adequate training and monitoring for data and information management personnel in government, will be part of the proposed agency mandate.

NIMDA, he noted that when set up will ensure all government’s Ministries, Departments and Agencies (MDAs) comply with standards, processes, procedures, and specifications as it applies to data, information, records, content, and archives use, classification, storage, collaboration, retention, and disposition.

Further, NIMDA, he told ITREALMS, will work with other relevant government agencies in ensuring appropriate information management and technology tools are deployed at all government MDAs for effective information security and governance and so on.

He insisted that for an effective National Digital Economy Policy implementation, there is a need for the industry to effectively and consistently engage the Ministry of Information and Culture, stressing that “effective data and information governance will go a long way in ensuring the success of the initiative.”

NIMDA, he said, will be tasked with managing the “Information Lifecycle of data, information, documents, contents and archives generated by all government agencies, ensuring enabling standards, specifications, processes, laws, and policies are in place for a good data and information governance regime in the country.”

NIMSF, he told ITREALMS was developed by the RIMA Foundation to advance sustainable development at all levels in the information management industry.

“Our activity aims to enhance open, accountable and participatory decision-making and governance on sustainable development through enhancing the involvement of all industry stakeholders. We focus particularly on the effective engagement of stakeholders on information management related policy processes,” he said.

Remmy Nweke/DoP

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Pix: L-r: Protocol Officer, Kitiya James; Member, Governing Council and Director of Training, Dr. Kolawole Oseni; President/Chairman, Governing Council, Dr. Oyedokun Ayodeji Oyewole and Head of HR, Merit Endurance, all members of Institute of Information Management (IIM-Africa) during the press conference by National Information Management Stakeholders’ forum held at IIM-Africa’s secretariat on Friday in Lagos State, Nigeria.

Access Bank offers customers 'More Xtravaganza' rewards - ITREALMS

ITREALMS: 

Leader in retail bank in Nigeria, Access Bank Plc is offering customers more rewards to celebrate the yuletide season, under its ‘More Xtravanganza, campaign, reports ITREALMS.

The campaign, ITREALMS gathered would run from November 21 to December 31, 2019.

Speaking at the launch of the campaign in Lagos, Victor Etuokwu, Executive Director, Retail banking, Access Bank plc said “Access Bank is passionate about its customers and everything we do is centred around giving them more. This season, we have decided to launch this campaign to end the year on a high note in celebration of our customers. We appreciate them for their loyalty and support and this is our own way of saying thank you to them.

The More Xtravanganza campaign further demonstrates our promise to provide customers with the best banking products and services whilst rewarding them for banking with us. We will be rewarding 50 active and inactive Diamond Business Advantage customers with one-month free advert broadcast and production for signing up to the Ebony Life Access to Market package or reactivating their accounts respectively”. Victor said.

Commenting further on the campaign, Robert Giles, Head, Insights and capabilities, Access Bank Plc, said “Customers are the reason the bank is in business and they will always come first in our products, processes and services.

To show appreciation for their patronage, he said, they are going to feature three different DiamondXtra draws; Senior citizens draw, Women’s draw and the National quarterly draw this December.

"We will reward 19 senior citizens who are 50 years old and above, 10 Women in which one of them will win a shopping allowance of N100,000 per month for one year and 9 others will win N300,000 each and of course 1,016 lucky customers will emerge winners from our quarterly draw” he said.

Adaeze Umeh, Head, Consumer Banking, Access Bank Plc told ITREALMS that “In the spirit of this yuletide season we will be rewarding our first 100 premium savers with daily airtime when they maintain their account balances for 30days. 

"We are also going to reward the first 200 transfers on the mobile app with airtime. XclusivePlus customers who refer 3 new customers of their subscriber type will win one monthly/yearly plan. This reward will be for the first 200 customers. We will also reward our Early Savers with 20% bonus of their 13th savings for maintaining consistent savings over 12-month period.

To join our winning train, Adaeze explained that "all you need to do is to dial *901#, or walk into any Access Bank branch close to you to reactivate or open new account and start enjoying the More Xtravaganza benefits.”

Nenye Dom/Editor

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AfDB lures youth with Coding for Employment - ITREALMS

ITREALMS:

The African Development Bank and technology firm, Microsoft have unveiled the ‘Coding for Employment’ digital training platform to provide digital skills to African youth across the continent, reports ITREALMS.

This, ITREALMS gathered came on heels to scale up the programme to 130 centers of excellence across the continent over a 10-year period

The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future.

The high-level event drew heads of state and government, ministers and leaders from the private sector and academia to discuss how this new tool and other technological innovations could be used to spur development across the continent.

“The youth employment and skills development challenge is a complex issue that requires systemic thinking and bold partnerships … to address the existing skills gap and link youth to decent and sustainable employment,” said Hendrina Doroba, the African Development Bank’s acting director for Human Capital, Youth & Skills Development.

“The skills training platform launched today is a testament to the impact that such partnerships can achieve and the Bank looks forward to strengthening similar partnerships.”

The platform teaches technical courses such as web development, design, data science and digital marketing and will be constantly adapted to respond to market demand. It is accessible on mobile devices, even in low internet connectivity settings and has an affordable, easy-to-navigate, secured and private interface.

“A defining challenge of our time is ensuring that everyone has equal opportunity to benefit from technology,” Ghada Khalifa, Director of Microsoft Philanthropies for the Middle East and Africa, said at the launch.

“Forward-thinking initiatives such as the digital training platform represent our commitment to helping drive the momentum needed. Though there is still much work to be done, we believe that through dynamic partnerships such as these, we can help build a knowledge-based economy in Africa that leaves no person behind.”

The Coding for Employment Program is a crucial part of the African Development Bank’s strategic agenda (https://bit.ly/33Nvq1s) to create 25 million jobs by 2025, and to equip 50 million African youth with competitive skills. The Bank piloted the program in five countries (Nigeria, Kenya, Rwanda, Senegal and Côte d’Ivoire) in partnership with The Rockefeller Foundation and Microsoft and is currently developing 14 ultra-modern centers specialized in ICT and entrepreneurship skills trainings for youth.

The goal is to scale up the program to 130 centers of excellence across the continent over a 10-year period. It will create nine million jobs by building synergies with the public and the private sector globally to deliver demand-driven, agile and collaborative skills to empower young people to become innovative players in the digital economy.

Nenye Dom/Editor

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Breaking: AU appoints Nigerian Ajijola into Cybersecurity Expert Group – ITREALMS

ITREALMS: 

The African Union (AU) has appointed a Nigerian Cyber security guru, Alhaji Abdul-Hakeem Ajijola (AhA), into its Cyber Security Expert Group (AUCSEG), ITREALMS can authoritatively confirmed.

AUCSEG, ITREALMS gathered, is a committee that will advise the African Union Commission (AUC) in matters related to cyber security, cybercrime, cyber-legislations, online privacy and data protection as well as digital policy related issues.ITREALMS  also gathered that AUCSEG would be inaugurated on Tuesday, 10 December 2019 in Addis Ababa.

ITREALMS recollects that Ajijola is a global cybersecurity resource, who is ranked #13 in the IFSEC Global Cybersecurity professionals’ influencers and thought leaders list.

He is concurrently a Commissioner, Global Commission on the Stability of Cyberspace (GCSC); Chair, Working Group on Cyber Incident Management and Critical Information Protection of the Global Forum on Cyber Expertise (GFCE).

Ajijola equally serving as a member, Group of Experts for the Nigerian Senate Committee on Cybersecurity and ICT and Chair, Subcommittee on the review of the Cyber-Crime Act 2015.

A founding member of Organisation of Islamic Cooperation – Computer Emergency Response Team (OIC-CERT), Ajijola is the Executive Chairman, Consultancy Support Services (CS2) Ltd based in Abuja.

Remmy Nweke/DoP

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Professional dancers converge @Calabar for 4-day confab on 'Dance, Tourism & Dev.' - ITREALMS

ITREALMS: 

The Professional Dancers and Scholars in the country are headed to Calabar, the capital city of Cross River State for a four-day conference, reports ITREALMS.

The conference billed to commence on Wednesday 4th of December would end on Saturday 7th, December 2019.

The conference, ITREALMS gathered would take place at the University Senate Chamber, University of Calabar, Cross River Nigeria, with focus on proffering solutions to some of the tourism challenges within the culture industry in the country.

The conference organised by the Association of Dance Scholars and Practitioners of Nigeria (ADSPON) is to be hosted by the Department of Theatre, Film and Carnival Studies, University of Calabar, has as its theme: "Dance, Carnival and Tourism Development."

The President of ADSPON, Prof. Jeleel Ojuade, told ITREALMS that Nigeria is yet to meet the developmental challenges in time, space and tourism development.

He also said that carnival as a factor in Nigeria's development efforts needs sufficient promotion.

"The culture Industry remains rich in resources for sustainable development of any society. The world is aware of this, and developed nations have tapped sufficiently from it. Nigerian cultures and all attending elements especially her dances are yet to meet the developmental challenges in time, space and tourism development.

"Carnival as a factor in our development effort needs sufficient promotion. Hence this conference themed: "Dance, Carnival and Tourism Development," is for stakeholders, scholars and practitioners to interrogate the dance art, carnival and put a lens to their contributions to the sustainable development of tourism in Nigeria's sociocultural and economic environment as well as scholarship." the statement said.

According to him, the conference will have Prof. AbdulRasheed Na'Allah, the Vice Chancellor of the University of Abuja, as its Keynote Speaker, while the Lead paper presenters are; Mr. YDO Yao (UNESCO's Regional Director in Abuja) and Dr. Bakut Tsawh Baku (The Director - General, Institute for Peace and Conflict Resolution (IPCR, Abuja).

In addition, he said they expected the Governors of Cross River, Ben Ayade and his Ebonyi counterparts, David Umahi, to grace the occasion, alongside the His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ooni of Ife and the Edidem Ekpo Okon Abasi Out V, Obong of Calabar.

Ayo Midele/Editor

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Shell shines @PETAN’s Industry Achievements award - ITREALMS

ITREALMS: 

Shell, at the weekend outshined others by winning the Industry Achievement award at the 2019 awards night of the Petroleum Technology Association of Nigeria (PETAN), reports ITREALMS.

PETAN, ITREALMS gathered is the umbrella body of indigenous technical oilfield service companies in the upstream and downstream sectors of the Nigerian oil and gas industry.

Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC), Osagie Okunbor, was also honoured at the event with the Aret Adams Award for Excellence for leading a formidable team in Shell to deliver value to its partners, stakeholders and particularly the country.

PETAN President, Bank-Anthony Okoroafor, said the Industry Achievement Award was in recognition of Shell’s consistent outstanding contributions to the development of local content in the Nigerian oil and gas industry over the years. Okoroafor acknowledged the leadership role of Shell companies in Nigeria and described the award was well-deserved. “Indigenous companies look up to Shell and other industry leaders to leverage growth opportunities in the industry,” he said.

Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, received the Shell awards on behalf of Okunbor.

Speaking on the awards, Ojulari said, “At Shell, we see local content as a critical business enabler, not just a regulatory requirement, and that is why we take cogent steps to encourage community and Nigerian contractors even before the Nigerian Oil and Gas Industry Content Development Act was enacted in 2010.”

According to Ojulari, the many ‘intentional steps have matured as contracts and funding and other capacity building initiatives as well as highly rewarding collaborative engagements with Nigerian oil and gas professionals in Scotland and suppliers in China. We are pleased that the milestones have been recognised by PETAN and other organisations.”

The PETAN awards came barely a week after Shell companies in Nigeria emerged the top companies to work for in Nigeria according to a survey by Jobberman, an international recruitment website with over 2 million job applicants and 40,000 employers in Nigeria.

Uboshe Uboshe/Editor

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Pix: L-R: Chief Operating Officer for Gas and Power, Nigerian National Petroleum Corporation,Yusuf Usman; Chairman, Petroleum Technologies Association of Nigeria (PETAN), Bank-Anthony Okoroafor; General Manager, Business and Government Relations, The Shell Petroleum Development Company of Nigeria Limited (SPDC), Bashir Bello; Managing Director, Shell Nigeria Exploration and Production Company, Bayo Ojulari; and Shell’s General Manager, Nigeria Content Development, Olanrewaju Olawuyi, at the 2019 PETAN Oil Industry Award Ceremony in Lagos last Friday where Shell won the Industry Achievements Prize, at the weekend.

IM revolution: Give us NIMDA now says forum - ITREALMS

ITREALMS:

Stakeholders in Nigeria may be gearing up for a revolution in the Information Management (IM) industry with their strong demand for the creation of National Information Management Development Agency (NIMDA), reports ITREALMS.

This call was made at the weekend by the body of the National Information Management Stakeholders’ Forum (NIMSF) who spoke through the founder, Records and Information Management Awareness (RIMA) Foundation, Amb. (Dr) Oyedokun Ayodeji Oyewole in Lagos.

NIMSF also called for the breakout of Information and Archives departments from the current Ministry of Information and Culture by creating NIMDA to enable transformation and repositioning, especially on data and information governance in the country.

In addition, NIMDA, he said, for instance, will be setting the standards and ensuring that qualified and certified personnel are assigned to the management of government data and information.

Also, he said, developing and promoting best practices in government business processes and providing adequate training and monitoring for data and information management personnel in government, will be part of the proposed agency mandate.

NIMDA, he noted that when set up will ensure all government’s Ministries, Departments and Agencies (MDAs) comply with standards, processes, procedures, and specifications as it applies to data, information, records, content, and archives use, classification, storage, collaboration, retention, and disposition.

Further, NIMDA, he told ITREALMS, will work with other relevant government agencies in ensuring appropriate information management and technology tools are deployed at all government MDAs for effective information security and governance and so on.

He insisted that for an effective National Digital Economy Policy implementation, there is a need for the industry to effectively and consistently engage the Ministry of Information and Culture, stressing that “effective data and information governance will go a long way in ensuring the success of the initiative.”

NIMDA, he said, will be tasked with managing the “Information Lifecycle of data, information, documents, contents and archives generated by all government agencies, ensuring enabling standards, specifications, processes, laws, and policies are in place for a good data and information governance regime in the country.”

NIMSF, he told ITREALMS was developed by the RIMA Foundation to advance sustainable development at all levels in the information management industry.

“Our activity aims to enhance open, accountable and participatory decision-making and governance on sustainable development through enhancing the involvement of all industry stakeholders. We focus particularly on the effective engagement of stakeholders on information management related policy processes,” he said.

Remmy Nweke/DoP

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Pix: L-r: Protocol Officer, Span Kitiya James; Monsurat Amina; President/Chairman, Governing Council, Dr. Oyedokun Ayodeji Oyewole; Member, Governing Council and Director of Training, Dr. Kolawole Oseni and Head of HR, Merit Emmanuel, all members of Institute of Information Management (IIM-Africa) during the press conference by National Information Management Stakeholders’ forum held at IIM-Africa’s secretariat last Friday in Lagos State, Nigeria.

First Google Startup Week Lagos attracts top UK, African venture capitalists - ITREALMS

ITREALMS: 

The first-ever Google Startup Week ended in Lagos, with some of Africa and United Kingdom (UK)-based top venture capitalists (VCs) on ground for exploration, reports ITREALMS.

This, ITREALMS also reports, saw the Google Launchpad Accelerator Africa graduating some 12 new startups from across Africa, and who pitched for funding,

Select alumni from classes 1, 2 and 3 are fresh out of a three-month Google for Startups UK Africa Immersion Programme in London. This is a 12-week immersion programme designed to bring the best of Google and the London startup ecosystem to tech companies from Africa that do not yet have a presence in the UK.

In partnership with Launchpad Accelerator Africa, the program aims to connect high potential early stage startups with the dedicated support of Google for Startups UK to help them take their startup to the next level.

“Every year, Africa’s economic growth continues to strengthen. Google for Startups has put its weight behind supporting the continent’s startups as they continue to build great products tackling key global social issues. This is an incredibly exciting space which is very relevant to UK ecosystem and investors,” says Marta Krupinska, head of Google for Startups UK.

Having completed their London Immersion, Launchpad Accelerator Africa Class 1, 2 and 3 alumni met with investors from the UK and Africa during Google Startup Week in Lagos to pitch for funding to take their businesses further.

Launchpad Accelerator Africa Class 4 graduated this week, as part of the Google Startup Week activities. Class 4 comprises 12 startups from six countries, addressing six different sectors.

Google Startup Week also saw participants from all 4 classes get a chance to meet, engage with each other, and share their experiences for the first time.

Class 4’s startups have collectively raised $4.3m, created over 300 jobs and signed up over 110 000 users. They had collectively raised in excess of $600 000 before the programme, and have been able to use Launchpad Accelerator Africa to scale their businesses to new levels.

“We believe Africans can solve Africa’s problems,” says the programme’s head of startup success and services, Fola Olatunji-David. “In running Launchpad Accelerator Africa we specifically look to work with startups with that share this vision. Launchpad Class 4 is tackling some of Africa’s most pressing challenges, including access to financial services, education, and agriculture.”

Since Launchpad Accelerator Africa was first announced in late 2017, the programme has worked with 47 startups on their growth journey. These companies have raised millions of dollars in investments, and created hundreds of jobs across the continent.

All the selected startups receive working space, and access to expert advisers from Google, Silicon Valley, and Africa. Participants also receive travel and PR support during each three-month programme.

The Class 4 startups graduating at Google Startup Week Lagos, in alphabetical order, are:

1. Afara Partners (Nigeria): Afara Partners offers platforms that provide services to the financially underserved/excluded.



2. BrandBook (South Africa): BrandBook is a mobile app that incentivises users to take a picture of their receipts, allowing it to harvest consumer purchase behaviour across all channels.

3. Elewa (Kenya): Elewa is a toolkit for establishing scalable high-quality training programs within existing education- or professional institutions.

4. Eversend (Uganda): Eversend is a multi-currency e-wallet that allows you to exchange, spend and send money at the best possible rates. It also includes insurance, virtual debit cards, and bill payments.

5. OZÉ (Ghana): OZÉ brings African small businesses into the digital era, equipping their owners to make data-driven decisions to improve their performance and access capital.

6. Phenomenal Technologies (Zimbabwe): Phenomenal Technologies offers low-cost field excursions for learners through virtual reality.

7. REACH (Nigeria): REACH recognises, categorises and interprets transaction data from SMS and other sources, making this data available as individual financial and market insights.

8. Sortd (South Africa): Sortd aims to re-invent email with the world's first All-in-One productivity suite for Gmail and GSuite.

9. TradeBuza (Nigeria): The TradeBuza is a cloud-based web and mobile application, which digitises contract farming and trade.

10. Tulaa (Kenya): Tulaa is an online-to-offline marketplace for smallholder farmers in Africa.

11. XEND (Nigeria) : XEND allows users to make and receive payments, offline or online.

12. WorkPay (Kenya): WorkPay is a cloud-based employee management and payment solution using the power of mobile and biometrics.

London Immersion Africa Startups:

13. 54gene (Nigeria) - African DNA makes up only 2% of genetic research material used in pharmaceutical research. Founded in 2019, 54gene is creating the world’s first and largest pan-African biobank.

14. Fieldinsight (Nigeria) - Fieldinsight helps to collect data in a structured manner using mobile and IoT devices. It then aggregates and represents this data through visualisations to help businesses make the best decisions.

15. Kwara (Kenya) - Kwara powers financial cooperatives with technology so they can meet their members needs instantly.

16. OkHi (Kenya) - 4 billion people across emerging markets do not have a physical address, costing economies $175bn a year. Based in Nairobi, OkHi creates digital addresses for people, which they can use (for free) to access reliable business services.

17. Paps (Senegal) - Paps is an African logistics startup focused on the last mile delivery and domestic markets, with strong client care orientation, allowing live tracking, intelligent address systems and automatic dispatch.

18. Piggyvest (Nigeria) - Piggyvest is an automated savings and investments platform that helps Nigerians save little amounts of money periodically, and then invest those funds for competitive returns.

19. PayGo Energy (Kenya) - PayGo Energy’s connected home gas meter links to a global IoT-based infrastructure for cooking gas delivery within high-density, high-demand urban communities — changing the entire cooking experience for households and unlocking access to clean cooking for a billion people.

20. ThankUCash (Nigeria) - ThankUCash is an analytics and rewards platform built to enable banks and businesses in Africa to acquire, reward and retain loyal customers.

21. Thrive Agric (Nigeria) - Thrive Agric provides farmers with access to finance, data-driven advisory and access to a market upon harvest.

22. Voyc (South Africa) - Voyc is on a mission to accelerate the world's transition towards customer-centricity by making it easy for companies to understand their customers.
Chuks Egbuna/EDitor
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FinTech causing positive disruptions says Adeduntan - ITREALMS

ITREALMS:

The chief executive officer (CEO), First Bank of Nigeria Plc, Adesola Adeduntan, has declared that financial technology is causing positive disruption in the financial services industry, reports ITREALMS.

Adeduntan in an address to the FirstBank Fintech Summit 3.0 in Lagos, made this declaration, pointing out that this year’s summit indicated the Bank’s commitment to putting its customers first. “FirstBank is keen at offering excellent financial services by devising new ways of effectively and efficiently meeting customers’ financial needs,” he said.

“The impact of technology in lifestyle business and other areas of today’s customer is huge,” he said.

FirstBank, he noted, therefore follows global trends in collaborating with Fintechs and other big technology companies on several transformational initiatives to be able to satisfy its customers’ needs.

He also said that “Customer experience and innovation are key in our approach to satisfying our customers. As a leading banking services solutions provider, FirstBank has continued to set the pace in the financial services industry, coming up with new initiatives to provide financial products and services with greater speed, accountability and efficiency.”

Adeduntan opined that the third edition of the FirstBank Fintech Summit indicates the Bank’s commitment to putting its customers first. According to him, FirstBank is keen at offering excellent financial services by devising new ways of effectively and efficiently meeting customers’ financial needs.

The main purpose of the FirstBank Fintech summit, he said, was to converge thought leaders in the FinTech space to champion discourse around financial technology and proffer solutions that will shape the future of banking.

Remmy Nweke/DoP

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