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Thursday 30th March, 2023

Innovation

Access Bank Reaffirms Support For An Innovative, Smart Lagos State

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L-R: Adeoye Fadebiyi, MD/CEO, Eko Electricity Distribution Company (EKEDC); Tobusun Alake, special adviser to the governor of Lagos State on Innovation and Technology; Olalere Odusote, Commissioner for Energy and Mineral resources, Lagos State; and Ade Bajomo, Executive Director, IT & Operations, Access Bank Plc, during the 2020 Lagos Smart Meter Hackathon in Lagos, Thursday…..

Managing Director and Chief Executive Officer of Access Bank Plc, Mr Herbert Wigwe has said that Access Bank Plc will not relent in supporting innovative programmes aimed at transforming Lagos into a 21st century State driven by technology innovations.

Wigwe spoke on Thursday during the finals of the Lagos State Smart Meter Hackathon design held at the Bank’s Corporate Headquarters in Lagos.

An initiative of the Lagos State Ministry of Energy and Mineral Resources, the Hackathon is aimed at providing affordable electricity meters to the populace by facilitating the design and production of meters that will accelerate efforts towards achieving improvement in energy distribution, monitoring and prevention of revenue leakage.

Wigwe who was represented by Mr Ade Bajomo, Executive Director, IT & Operations at Access Bank, said that having the Hackathon once more reinforces the Bank’s commitment to leveraging technology for the betterment of the society.

“Having Hackathon and innovative programmes like this, has always been part and parcel of our DNA in Access Bank. We are forever looking for new things to do to solve real problems in Africa and beyond; new things that would move the life of our people forward.

“We are always looking forward to doing things that would make more people financially independent, driving and enhancing the well-being of the entire society,” he said.

He noted that now the world is witnessing the Fourth Industrial Revolution, and there are Africans working with the rest of the world and using technology to solve the problems of the people.

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Wigwe stressed that Access Bank does not exclude the rest of the world when it comes to using technology innovations to address the problems of the people.

“That is why this Hackathon is very important because it’s our people solving our problems and leveraging global solutions to finding our answers to our own problems.

“And that is why at the Africa Fintech Foundry (AFF), which Access Bank is promoting, we want to have more innovators and innovations that will help in transforming our society for the better,” he said.

The Access Bank boss stated that to see this Hackathon come to light shows the commitment of the Lagos State Government to not only the project, but to the actualization of a smart Lagos, where electricity is accessible and affordable.

He pledged Access Bank’s continued support to the Lagos State Government’s efforts at building a smart state.

Convener of the Lagos Smart Meter Hackathon and the State’s Commissioner for Energy and Mineral Resources, Mr. Olalere Odusote said that there were very many talented people who applied for the Hackathon, noting that there were 65 submissions in all, out of which its panel of experts reduced the number to the five finalists that participated at the finals of the Hackathon.

“We had the hardware yesterday and we were very impressed with what we saw. We are expecting no less from the software side. We are going to get engaged, look at what they have to offer and then integrate it into our future.

“We are trying to solve our own problems by ourselves. This is just the start; it is not a one-off project. At the end of the event, we will take the product to our prototype mode; we will take the product to a commercial development process,” he said.

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The Commissioner said they were not just doing the Hackathon for the sake of it but are looking for solutions that will contribute to making Lagos a 21st Century economy.

He thanked Access Bank for its generosity, support and partnership with the State government. He also thanked other partners for joining in the journey of making Lagos a great state.

Five contenders each emerged from both categories of the competition, and the two winners are expected to share the prize money of seven million naira.

Finalists were shortlisted after a transparent, rigorous and competitive process.

The Hackathon attracted 274 registrations or entries, 127 of which bid in hardware category, while 147 competed in software group.

The five software finalists for the Hackathon on Thursday were Magnitronics, Vectorians, Zeena Platform, Chosen Soft Tech and Gideon. 

Recall that during the launch of the programme on July 30th, 2020, the Lagos State Governor, Babajide Olusola Sanwo-Olu noted that the Smart Metre Hackathon Initiative marked a significant milestone in the implementation of the State Government’s plan towards improving access to electricity.

He said it aligned with the Sustainable Development Goal 7 of the United Nations, targeted at achieving universal access to affordable, reliable, sustainable, and modern energy for all by 2030.

The Lagos Smart Meter Hackathon 2020 was convened by the Lagos State Ministry of Energy & Mineral Resources, curated by Eko Innovation Centre, and sponsored by Access Bank Plc, Egbin Power, and Ikeja Electric Distribution Company.

Other sponsors include Mojec International, Eko Electric Distribution Company, MOMAS Electricity Meters Manufacturing Company, ElSewedy Electric, Royal Power & Energy, Venture Garden Group, InfraCredit, and Axxela Limited.

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They were supported by the Lagos State Office of Innovation and Technology, Lagos State Employment Trust Fund (LSETF), the Nigerian Electricity Management Services Agency (NEMSA), Africa Fintech Foundry (AFF), Oracle, IBM, General Electric, Business Day and Accelerate TV.

The Grand Finale of the Hackathon holds on Friday, September 18, 2020 at Eko Innovation Centre, Ikoyi, Lagos.

 

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Innovation

ALX Offers Software Engineering Skills To 50,000 Women Across Africa

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Photo Credit: Alx Facebook page

ALX, a leading global provider of training in the tech industry has its first dedicated Software Engineering cohort for women in Africa.

The cohort forms part of ALX’s ‘WomXn and Tech’ initiative and is set to benefit up to 50,000 women across Africa.

The company says the initiative was inspired by the United Nations IWD theme of ‘DigitALL: Innovation and technology for gender equality.’

ALX is showing its commitment to bridging the digital gender divide in Africa, increasing the representation of women in the technology sector and driving the participation of women to innovate and create solutions for a diverse world.

This cohort will provide a launchpad for women to grow their careers in one of the most exciting and in-demand fields in the world.

Part of African Leadership International (ALI), ALX is a leading technology training provider that offers world-class programmes to thousands of young people across Africa, equipping them with both the professional and technical skills that enable them to thrive in high-growth industries.

The statistics make for grim reading. Women comprise just 5% of global software engineers.

Considering that there are an estimated 690,000 software engineers in Africa, even applying the global average means that there is a significant gender divide that must be addressed.

It is through this female cohort that ALX will take the steps necessary to reduce this considerable disparity.

Thanks to its partnership with the Mastercard Foundation, ALX is offering sponsored placements to thousands of young women who meet the eligibility requirements for this programme.

“ALX knows that our collective future depends upon a female voice, a female brain, and her perspective in devising solutions for the world of tomorrow.

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“Through ‘WomXn and Tech’, we are boldly proclaiming our call to action for women across the continent and the rest of the world to not just have a seat at the table, but to redesign the table.

“This 100% female software engineering cohort we are introducing helps to accomplish this,” says Fred Swaniker, Founder and CEO of ALI.

The programme has been made possible following the recent acquisition by ALI of a leading Silicon Valley institution, Holberton Inc.

ALX is now one of the largest software engineering trainers in the world, which aligns with the organisation’s mission to develop Africa’s human capital at scale and enable women with best-in-class digital skills and excellence.

 

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NITDA, UNICCON Sign MoU To Promote Indigenous Content

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Barr. Emmanuel Edet, Head Legal and Board Matters Unit of NITDA and CEO UNICCON Group, Mr. Chuks Ekweme during the signing of the MoU at NITDA on Friday

The Federal Government has taken a significant step towards promoting indigenous content in the country, with the signing of a Memorandum of Understanding (MoU) between the National Information Technology Development Agency (NITDA) and the UNICCON Group of Companies.

NITDA said this latest step aims to foster the development and growth of local content in the Nigerian technology industry.

Under the terms of the MoU, NITDA and UNICCON, a company that unveiled Africa’s First Humanoid Robot, Omeife, will collaborate to develop and promote local content in Nigeria through various initiatives.

The initiatives include capacity building, skills development, and the creation of an enabling environment for local content producers and developers.

The partnership will also focus on supporting local startups and SMEs in the technology industry, providing them with access to funding, mentorship, and other forms of support that will enable them to grow and compete on a global scale.

Speaking during the formal signing, the Director General of NITDA, Kashifu Inuwa, represented by the Head of Legal Unit of the Agency, Barrister Emmanuel Edet, recounted that during the unveiling of “Omeife” last year December by the Vice President, Prof. Yemi Osinbajo, the Hon. Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), had urged NITDA to work with Uniccon Group on ways to commercialise Omeife.

“We plan to have an application that everyone can use to take advantage of Omeife. At NITDA, we have had the Learning Management System (LMS) for a long time, and it can be integrated into API provided by the UNICCON group, thereby extending our elements to take advantage of it,” he said.

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Inuwa stated that leveraging on Omeife (robot) will deepen the penetration of digital literacy across the country, providing a platform for shared knowledge in Pidgin, Igbo, Hausa, and Yoruba, adding that this will provide a framework and platform for exposure of Nigeria’s indigenous content internationally.

“Our greatest dream is to nurture startups and companies that will occupy the global space and also be as competitive as possible for the growth of the economy.

“Digital Economy is a great alternative to oil, which serves as a means of income and an opportunity for us to compete because the entry-level is intellect and we have a lot of that across the country,” the DG asserted.

The Chairman/CEO of UNICCON Group of Companies, Mr. Chuks Ekweme during his remarks commended the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), and the DG of NITDA for the policies and initiatives implemented towards the digital transformation of the country.

He assured that the UNICCON Group of Companies will support the government towards the actualisation of policies and initiatives, and do their best to contribute their quota towards the implementation drive for the growth of the country.

Ekweme emphasised the importance of the AI project in Africa, stating that statistics show that no African country can boast of having 60% AI by 2030, with most countries falling below this percentage.

“Therefore, the signing of the MoU is a crucial step towards bridging this gap and positioning Nigeria as a leader in AI development,” he said.

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Pantami Inaugurates Nigeria Startup Act Implementation Committee

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The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) in a group photograph with some of the members of the Nigeria Startup Act Implementation Committee shortly after the inauguration ceremony

The Federal Government has inaugurated a 27-member committee to implement the Nigeria Startup Act 2023 (NSA). 

The inauguration is part of efforts at fostering the growth of the digital innovation and entrepreneurship ecosystem in the country and consolidating the achievements made by the Ministry of Communications and Digital Economy.

Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) inaugurated the committee on behalf of His Excellency, President Muhammadu Buhari in a hybrid event at the Digital Economy Complex, Mbora, Abuja.

Giving a historical overview of the journey so far from the conceptualization of the bill to its enactment into law by the President on 19th October 2022, the Minister stated that the Nigeria Startup Bill was first drafted and formulated in 2021 with inputs from relevant and critical stakeholders.

He stated that Ministries, Departments, and Agencies (MDAs) of government, private sectors, industry players, young innovators, and stakeholders from the academia were engaged in town hall meetings organised in the six geopolitical zones of the country with the purpose of collecting their inputs, constructive criticisms and recommendations to create a robust and credible document.

Describing the inauguration of the NSA implementation committee as a milestone achievement towards the attainment of a digital Nigeria, Pantami urged the committee members to coordinate operational plans and establish the baseline for the ecosystem in terms of digital innovation and entrepreneurship.

“In this implementation committee, we have brought together relevant stakeholders, some from government, some from the private sector, some from the ecosystem, some from the academia, some from legal institutions, and many more to come together and provide the leadership that is required for the technical implementation of this very important law,” he stated.

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While noting that economies globally are driven by technology, knowledge, digital innovation, and entrepreneurship, Pantami stated that priority and preference should be given to a knowledge-based economy rather than a resource-based economy in the country.

He further stated that countries like the United States of America, China, Japan, Germany, India, and the United Kingdom which are the major contributors to the global Gross Domestic Product of 101.6 trillion US dollars are leading economically because they give preference to a knowledge-based economy.

“According to statistics as of December 2022, digital enterprises are directly and indirectly contributing a minimum of 53 trillion US dollars to the global GDP. By implication, you can safely say that more than half of the global GDP depends on technology, digital innovation and digital entrepreneurship,” he said.

“Today, digital entrepreneurship, digital innovation and knowledge-based activities are building the global economy and we need to invest in our youths that have innovative ideas,” he added.

He further stated that Nigeria is blessed with so many talents and innovators and that young Nigerians have been making the country proud by winning prizes at global ICT events in UAE, Barcelona, the USA, and Saudi Arabia.

While emphatically stating that the NSA would consolidate the achievements of startups in the country by providing legal frameworks as well as technical and financial backing to further encourage them, the Minister said that “Today in the Act, there is a provision of supporting them financially. The government will set aside a minimum of 10 billion naira annually in addition to other sources of funding that have been captured in the law.”

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Prof. Pantami also noted that it will consolidate the achievements made thus far by the Ministry in terms of broadband penetration, 4G penetration, development of policies for digitalization, digital ID in Nigeria, and government revenue generation amongst others.

Announcing the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa as the secretary of the committee, the Minister urged all the members to expend their time, energy, knowledge and experience to support the ecosystem so as to reduce importation in the country and prioritise production.

Earlier, in his welcome address, Kashifu Inuwa appreciated all members of the committee for agreeing to contribute their expertise to the national assignment of implementing the NSA.

He stated that the committee is responsible for creating an enabling and sustainable environment for young and talented people to develop more profitable and innovative-driven enterprises for national development.

While noting that startups are critical drivers for economic growth, Inuwa asserted that implementing the NSA will be a game changer that will help create a legal and institutional framework to develop the Nigerian startup ecosystem.

“I wish to sincerely appreciate your acceptance to serve on this committee and I have no doubt that our collective expertise and experience will help us implement the NSA successfully,” he concluded.

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