BUSINESSDAY INNOVATION REPORT 2018
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BUSINESSDAY INNOVATION REPORT 2018
BusinessDay Research & Intelligence Unit (BRIU) is a Strategic Business Unit (SBU) within the BusinessDay Group, publishers of Nigeria’s leading business & financial newspaper. BRIU operates as an independent department within the organisation. The Unit’s products and services comprise: t $VUUJOH FEHF CVTJOFTT JOUFMMJHFODF BOE NBSLFU SFTFBSDI TUVEJFT t *OEVTUSZ BOBMZTJT SFQPSUT t 'FBTJCJMJUZ TUVEJFT CVTJOFTT QMBOT t $MJFOU TQFDJmD SFTFBSDI QSPKFDUT BOE TUSBUFHJD QMBOOJOH t 1PMMJOH BOE TVSWFZT DPWFSJOH JOEVTUSJFT BOE CVTJOFTT TFHNFOUT 0VS BSFB PG TQFDJBMUZ JODMVEF NBSLFU JOEVTUSZ SFTFBSDI EBUB NJOJOH FDP nomic and financial analysis. BRIU’s sole purpose is to provide you with cutting edge business insights with tried, tested and proven economic forecasts. Our clientele comprise state governments and federal government agen cies, as well as private sector businesses. BRIU has consulted for clients BDSPTT UIF CBOLJOH BOE mOBODJBM TFDUPST NBOVGBDUVSJOH IFBMUIDBSF JOTVS BODF *$5 FUD Our team of research analysts also contribute business intelligence and economic research articles to the BusinessDay newspaper. We are com mitted to providing you with the latest customer insights and perceptions, BT XFMM BT DVSSFOU USFOET BOE EFWFMPQNFOU PO CVTJOFTT BOE TFDUPS XJEF issues within our economy and nation space.
For further details and enquiries, please contact the Author of this Report: Omosomi Omomia
Senior Research Analyst BusinessDay Research and Intelligence Unit (BRIU) 5IF #SPPL 1PJOU 3PBE "QBQB (3" -BHPT /JHFSJB Tel.: +234 (0)80 94821958 Email: omosomi.omomia@businessdayonline.com omosomi.omomia@gmail.com research@businessdayonline.com www.businessdayonline.com/research #VTJOFTT%BZ .FEJB -JNJUFE¥ ª "MM SJHIUT SFTFSWFE
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BUSINESSDAY INNOVATION REPORT 2018
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BUSINESSDAY INNOVATION REPORT 2018
Contents
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Chapter 1 *OUSPEVDUJPO
Chapter 2 Defining Innovation
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Chapter 3 /JHFSJB T *OOPWBUJPO 1SPmMF JO UIF 8PSME
Chapter 4 5IF #VTJOFTT%BZ *OOPWBUJPO 4VSWFZ
Chapter 5 Exhibit 1 | 2017 Most Innovative Companies in Nigeria
33-34
Chapter 6 Top Innovative Companies (Overall) %BOHPUF (SPVQ '#/2VFTU General Electric (5#BOL -BGBSHF MTN *OUFSWJFX 8JUI "MJLP %BOHPUF 1SFTJEFOU $&0 o %BOHPUF (SPVQ
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Chapter 7 Most Innovative In Banking "DDFTT #BOL (5#BOL -JEZB 4VO5SVTU #BOL
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BUSINESSDAY INNOVATION REPORT 2018
Chapter 8 Most Innovative In The Not-For-Profit Sector #"5/' )BJNB )FBMUI *OJUJBUJWF -BHPT 4UBUF 4FDVSJUZ 5SVTU 'VOE -445' MTN 'PVOEBUJPO 5POZ &MVNFMV 'PVOEBUJPO Interview With Abdurrazaq Balogun, Executive Secretary/$&0 o -BHPT 4UBUF 4FDVSJUZ 5SVTU 'VOE
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Chapter 9 Most Innovative In Food Services/ Restaurant Food Chain $BGĂ? /FP )BOT BOE 3FOF +VNJB 'PPE 4P'SFTI /FJHICPVSIPPE 4XFFU ,JXJ
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Chapter 10 Most Innovative in Healthcare "HFMFTT 1IZTJPUIFSBQZ $MJOJD "WPO ).0 Hygeia Group 1IBSN"DDFTT (SPVQ
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Chapter 11 Most Innovative in Insurance AXA Mansard -FBEXBZ "TTVSBODF $PSOFSTUPOF *OTVSBODF 1SFTUJHF "TTVSBODF Staco Insurance
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BUSINESSDAY INNOVATION REPORT 2018
Chapter 12 Most Innovative in Investment Services '#/2VFTU 6OJUFE $BQJUBM "MQIB .PSHBO
Chapter 13 Most Innovative in Media and Entertainment *SPLP 57 &CPOZ-JGF 57 Chapter 14 Most Innovative in Financial Markets '.%2 05$ 4FDVSJUJFT &YDIBOHF /"4% 05$ "'F9 $0..0%*5*&4 *OUFSWJFX 8JUI #PMB 0OBEFMF ,PLP Managing Director/$&0 – '.%2 05$
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Chapter 15 Most Innovative in E-Payments SystemSpecs Interswitch 1BZTUBDL ,POHB1BZ *OUFSWJFX XJUI +PIO 0CBSP $&0 4ZTUFNTQFDT Chapter 16 Most Innovative in E-Commerce ,POHB +VNJB 4.& .BSLFUIVC 8BLBOPX Hotels.ng
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BUSINESSDAY INNOVATION REPORT 2018
Chapter 16 Most Innovative in Education "OEFMB $P $SFBUJPO )VC *OTUJUVUF GPS *OEVTUSJBM 5FDIOPMPHZ **5 4JENBDI
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119 120
Chapter 19 Most Innovative in Data Centre Technology 3BDL $FOUSF Main One *OUFSWJFX 8JUI 5VOEF $PLFS .BOBHJOH %JSFDUPS 3BDL $FOUSF
125 127
Chapter 20 Most Innovative in Agriculture (Funding) 4BIFM $BQJUBM 'BSNDSPXEZ "HSPMBZ 7FOUVSFT
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Chapter 18 Most Innovative in Broadband (ISP) Services Spectranet 4XJGU /FUXPSLT 4NJMF
Chapter 21 Most Innovative in Agriculture: Value Chain Management 0MBN /JHFSJB /PUPSF $IFNJDBMT ""$& 'PPET Springfield Agro
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Chapter 22 Most Innovative Multinationals $PDB $PMB /JHFSJB Guinness AJEAST
Chapter 23 Most Innovative In Mortgage Services 5IF /JHFSJB .PSUHBHF 3FmOBODF $PNQBOZ *OUFSWJFX 8JUI 1SPG $IBSMFT *OZBOHFUF .% $&0 5IF /JHFSJB .PSUHBHF 3FmOBODF $PNQBOZ Chapter 24 Most Innovative In Digital Marketing Services & .PUJPO "EWFSUJTJOH -UE 8JME 'VTJPO Chapter 25 Most Innovative in Legal Services #BOXP *HIPEBMP "FMFY "MVLP 0ZFCPEF
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Chapter 26 Most Innovative in Pension Fund Administration 4UBOCJD *#5$ 1FOTJPOT 1SFNJVN 1FOTJPO *OUFSWJFX 8JUI &SJD 'BKFNJTJO $&0 4UBOCJD *CUD 1FOTJPO .BOBHFST -JNJUFE Chapter 27 Most Innovative in Telecommunications .5/ "JSUFM
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BUSINESSDAY INNOVATION REPORT 2018
Chapter 28 Most Innovative in Telecommunications Infrastructure IHS Towers Huawei Interview With Mohamad Darwish, IHS 5PXFST $P 'PVOEFS BOE *IT /JHFSJB $&0 Chapter 29 Most Innovative SMEs 4-05 4ZTUFNT -JNJUFE Global Smartfit 5 4IJSU 'BDUPSZ
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Chapter 32 Most Innovative in Manufacturing Jawa -BGBSHF )PMDJN %VmM 1SJNB $)* -JNJUFE *OUFSWJFX 8JUI .JDIFM 1VDIFSDPT (.% $&0 o -BGBSHF "GSJDB 1MD
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Chapter 30 Most Innovative Government Agency /"24 /*34"- *OUFSWJFX 8JUI %S 7JODFOU *TFHCF $PPSEJOBUJOH %JSFDUPS /JHFSJB "HSJDVMUVSBM 2VBSBOUJOF 4FSWJDF Chapter 31 Most Innovative Start-Up 8FDZDMFST $PNQFY "GSJDB -PTIFT $IPDPMBUF
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BUSINESSDAY INNOVATION REPORT 2018
Chapter 33 Most Innovative In FMCG $)* -JNJUFE %VmM 1SJNB /FTUMF /JHFSJB 1MD
Chapter 34 Most Innovative In Housing & Urban Development %BOHPUF $FNFOU -BGBSHF 1MVT8PSME 3PPmOH Chapter 35 Most Innovative in Real Estate (SFOBEJOFT )PNFT 01*$ *OUFSWJFX &YDFSQUT (SFOBEJOFT )PNFT *OUFSWJFX 8JUI #BSSJTUFS #BCBKJEF 0EVTPMV Special Adviser/Managing Director, 0HVO 4UBUF 1SPQFSUZ *OWFTUNFOU $PNQBOZ
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Chapter 38 5IF 5ZQFT PG *OOPWBUJPO BOE UIF 1SPCMFNT 5IFZ 4PMWF
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BUSINESSDAY INNOVATION REPORT 2018
FOREWORD BusinessDay Research & Intelligence Unit (BRIU) presents the maiden edition of the BOOVBM #VTJOFTT%BZ *OOPWBUJPO 3FQPSU TVC UJUMFE $PNQBOJFT UP *OTQJSF /JHFSJB GPMMPXJOH UIF GJSTU #VTJOFTT%BZ *OOPWBUJPO "XBSET IFME JO "QSJM 5IF SFQPSU USBDLT UIF JOOPWBUJWF USFOET BOE TUSJEFT PG $PNQBOJFT XIP JOUSPEVDFE BOE QJPOFFSFE JOWFOUJWF BOE HSPVOE CSFBLJOH QSPEVDUT TFSWJDFT NPEFMT BOE JEFBT JO /JHFSJB UIBU SFWPMVUJPOJTFE PVS MPDBM NBSLFUT PWFS UIF MBTU UISFF ZFBST According to the Economist “Innovation in Africa is helped by a peculiar confluence PG FDPOPNJD BOE QPMJUJDBM DJSDVNTUBODFT w 5IF 8PSME &DPOPNJD 'PSVN FMBCPSBUFE GVSUIFS JO JUT BSUJDMF QVCMJTIFE JO +BOVBSZ UJUMFE i*T "GSJDB MFBEJOH UIF *OOPWBUJPO Revolution?� that “Necessity is the mother of invention, and in Africa it has been the mother of innovation.� Indeed, Africa’s peculiar set of problems has necessitated that innovation becomes a LFZ JOHSFEJFOU GPS $PNQBOJFT BOE *OEJWJEVBMT UP UISJWF -BSHFMZ GVFMMFE CZ UIF FRVBMJTJOH nature of technology and mobile telephony, Nigeria is slowly but surely emerging as a GPSDF UP CF SFDLPOFE XJUI FTQFDJBMMZ XJUI UIF FDPOPNZ JO SFDPWFSZ Nigeria’s economic decline and slow recovery has challenged the operational existence of many of Nigeria’s big and small companies across all sectors. But in every challenge, UIFSF JT BO PQQPSUVOJUZ 'BDFE XJUI EFDMJOJOH EFNBOE QPMJDZ JODPOTJTUFODZ BOE uncertainty, foreign exchange scarcity, and dwindling revenues, players in both the private and public sector have had to dig deep into their innovative capacity to do FYUSB PSEJOBSZ UIJOHT /JHFSJB XBT SBOLFE JO UIF UI QPTJUJPO PVU PG $PVOUSJFT JO UIF (MPCBM *OEFY *OOPWBUJPO 3FQPSU QVCMJTIFE CZ $PSOFMM 6OJWFSTJUZ */4&"% #VTJOFTT 4DIPPM BOE UIF 8PSME *OUFMMFDUVBM 1SPQFSUZ 0SHBOJTBUJPO 8*10 &WFSZ ZFBS UIF (MPCBM *OOPWBUJPO Index provides detailed metrics about the innovation performance of nearly 130 countries and economies around the world. Each country is scored according to 81 indicators. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. #VTJOFTT%BZ TFFLT UP BEWBODF UIF QIJMPTPQIZ BOE DVMUVSF PG JOOPWBUJPO JO PVS OBUJPO TQBDF BOE UP SFDPHOJTF UIF QFPQMF BOE DPNQBOJFT UIBU BSF ESJWJOH JU 5PEBZ JOOPWBUJPO JT B LFZ ESJWFS PG PSHBOJD HSPXUI GPS BMM DPNQBOJFT‰SFHBSEMFTT PG TFDUPS PS HFPHSBQIZ Recognizing the Organisations, Agencies and Individuals that are driving and advancing the culture of innovation, BusinessDay brings together industry leaders across all sectors.
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BUSINESSDAY INNOVATION REPORT 2018
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