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Nigeria ICT Consumer Spending To Hit $167bn By Chima Akwaja, Lagos

Increasing adoption of Information and Communications Technology (ICT) tools by the Nigerian population and increasing local participation in relevant sub-sectors of the ICT industry will drive consumer spendings to about $167 billion in the next five years. According to the minister of Communications Technology, Dr. Omobola Johnson, consumer spending in 2010 was $115bn and is projected to increase to $167bn by 2020. She noted that increasing middle class, increasing levels of disposable income and increasing levels of aspiration have spurred the growth of e-commerce in the country. Johnson said wholesale and retail trade sector accounted for 20 per cent of gross domestic products

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Sunday, January 25, 2015

(GDP) in 2012 making it the second largest contributor to GDP after agriculture. “Young population – an average of 50 per cent of the adult population is under the age of 33 years. Low (formal) salary levels mask informal/other sources of income – about 43 per cent of adult population earn incomes in the range of N18,000 to N70,000,” she said. The minister who said that high usage of mobile phones, particularly for social purposes, increases opportunities in “culture” markets – such as music, books and films that are shaped by social influences, added that the ICT industry has significant enabling effect on other sectors of the economy contributing a combined 2.56 per cent of added value. This is apart from direct contribution of 10.44 per cent to 2013 GDP.

While the services sector as a whole constitutes over half of Nigeria’s GDP, ICT services contributed 19 per cent to the services sector. Nigeria is ensuring accelerated roll-out of robust, reliable, and cost effective ICT infrastructure to increase citizen access to ICTs. Market indicators shows that there are four undersea fibreoptic cables with combined design capacity approx. 10 terrabits per second. Nigerian telecommunications sector has about 100,000km of terrestrial fibre-optic cable; approximate 28,000 2G; 15,000 3G transceiver stations; 134 million mobile phone subscriptions representing 96 per cent teledensity; about 74 million internet users; internet penetration of 52 per cent; existing broadband penetration of six per cent.

A young man hawking underwears on the street of Mararaba in Abuja. PHOTO BY JANE OKEKE

British Airways Gives Insight On Spending Holidays By Sampson Echenim, Lagos

British Airways has given some hints to Brtons and its guests on how to enjoy their holidays for the year 2015. The Shetland, Scotland Fire Festival, Europe’s largest fire festival, celebrated at Up Helly Aa and held every last Tuesday in the month of January is top of the airline’s recommended tourist spots. “Crazy holidays conjure images of abseiling off Table Mountain or jet boating in New Zealand rather than visiting good old Blighty, but the Barmy Brits do have some wild attractions of their own. “We Brits are not as dull as some might think and there are plenty of exciting, adventurous and just plain mad things to do in the UK”, says Kola Olayinka, British Airways commercial manager for West Africa. When planning your holidays for 2015, Olayinka said it’s worth bearing in mind that the Saxon bits of the Anglo Saxons trace their ancestry back to the original mad marauders, the Vikings, arguably the pioneers of adventure tourism. The locals dress up in full Viking regalia and the evening culminates

Etisalat Sponsors ABU Students To Dubai For Training By Chima Akwaja, Lagos

Nigeria’s fastest growing telecommunications company, Etisalat Nigeria, is sponsoring the top three students from the first year of the EtisalatTelecommunications Engineering Program (ETEP) at the Ahmadu Bello University, Zaria for intensive training at the Etisalat Academy, Dubai. Manager, corporate social responsibility at Etisalat, Oyetola Oduyemi, disclosed that further training at the Etisalat Academy would reinforce the students’ practical knowledge of Telecommunications Engineering and also provide them with a competitive edge. “At Etisalat, we believe that the right education has the potential to impact every aspect of life, so education remains central to our CSR interventions; this is why we are sending the three best studentsfrom the Etisalat

Telecommunications Engineering Program class of 2014, to the Etisalat Academy in Dubai to expand their horizons and give them further exposure to the cuttingedge technology driving the telecommunications industry”, Oduyemi said. “As the program continues, we plan to train 15 to 20 students yearly to give Nigerians an opportunity to learn from the best in the field. We will also develop local expertise to sustain the programme by sponsoring lecturers from ABU to study for a PhD in Telecommunications Engineering at the Plymouth University UK,” she added. The Etisalat Telecommunications Engineering Program, organised in conjunction with the University of Plymouth, UK and Huawei Technologies Limited, is the first program offering an MSc in Telecommunications Engineering in West Africa.

role in developing and diffusing innovation and providing employment, saying ,“This is one of the several reasons why we recognise the role of women as multiplier in the country”. The United Nations Global Compact, organisers of the programme, charged African chief executive officers to collaborate in contributing development in Africa. In his remark, executive director, UN Global Impact, Dr George Kell,

enjoined local networks to partner to help achieve economic growth in the continent. He added, “The UN Global Compact will support CEO’S and the Nigerian government in their efforts to sustain future businesses in Africa. This is why we have outlined some calls to actions which include a call to governments to address corruption and foster good government.

Access Bank Pledges Support For SMEs By OLUSHOLA BELLO, Lagos

Access Bank Plc has reiterated its commitment to financial empowerment for Small and Medium-sized Enterprises (SME’s) for Women and Youths in Africa. Speaking at the African Sustainable CEO Business Round-table in Lagos, the managing director of Access Bank, Herbert Wigwe, who was represented by the bank executive director, Personal Banking, Victor

Etuokwu, said, “The world is embarking on a new age, the age of the entrepreneur, the agile SME owner, and the flexible innovator. “In Access Bank, we have a team that helps drives this and add values to SMEs. Finance is not the major issue, but capacity building and understanding opportunities that abound in the business environment. We also have programmes that support women entrepreneurs because we find it interesting work-

ing with them.” According to him, the bank aims to be a Tier 1 SME bank to young entrepreneurs and seeks to achieve this through integrated partnership and provision of proactive business banking solutions which makes our clients winners on all fronts. He pointed out that small and medium-sized enterprises (SMEs) and entrepreneurs are crucial for tracing new paths to more sustainable and inclusive growth with a

in the burning of a longship. Sensibly, the next day is public holiday to allow everyone to recover. Olayinka also named the World Bog Snorkelling Championships whose modern event version has taken place in Powys, Wales for the past 30 years. “In August competitors from around the world descend on the smallest town in Britain, Llanwrtyd Wells, to pit their bog snorkelling skills in the 115-metre course”. Olayinka said. “The sport is not quite as obscure as you might think - Lonely Planet named it as one of the top 50 ‘must do’ things in 2014,” Olayinka added. Although the British government has improved at scaring off foreign invaders, this has been more of a recent development than historical trend. One must wonder what William the Conqueror would’ve made of the good people of Witcham in Cambridgeshire, who today host the World Pea Shooting Championships. While the skills and marksmanship on display at the annual event are incredible, it’s not surprising that it was the English bowmen rather than Witcham’s pea shooters which won the day.


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