Technology and Taxes
Muyiwa Razaq Ogungboye, CEO of e.Stream Networks
From Broadband Provider To Solution Provider e.Stream Networks’ investment in infrastructure, strategic partnership and innovative product development sets it apart from other broadband providers. This combination allows the organisation to provide tailor-made solutions for its diverse client base. What makes Nigeria unique compared to other countries in Africa? Our geographical position on the African west coast makes it difficult to remove Nigeria from trade. Secondly, our population is tremendous. If you have people, that means you have trade. Thirdly, we are resilient. We always find a way to innovate and make progress, regardless any difficulty. Lastly, agriculture and natural resources: our weather is conducive for virtually anything. We have good seasons and raw materials which gives us a unique advantage in what we grow and produce. Nigeria is considered a key tech hub in Africa with the internet playing a key role. How did Nigeria achieve this position? The launch of the Global System for Mobile Telecommunication (GSM) and landing of submarine Internet fibre into the country boomed everything. In addition, we have a vibrant and young population. This mix opened our population to the world. Young, intelligent people now have a platform to learn and execute their passion while finding success in it. In the last five to ten years, we have surpassed many African countries who were ahead of us despite our lateness to the telecoms market.
NEXT LEVEL
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NIGERIA
Has Nigeria’s readiness level for digital transformation heightened? Yes. The various submarine fibre cable has created a whole new ecosystem of opportunities for digital transformation. For example, the fintech sector has brought an unimaginable world of services and success. Also, the rate at which telecoms and ICT are converging will bring limitless possibilities. The industry is transforming and in a few years’ time, e.Stream will transform from a broadband provider to a solutions provider, where almost any value-added service on connectivity will be offered by us. Nigeria is rated sixth Internet user in the world. The possibilities and opportunities are endless. What is the competitive advantage of e.Stream? We continually develop new products by bringing diversity and consistent innovation together. Part of our strategic goals is to develop services that can ride on all our infrastructure. We will showcase and push all our products into the market next year. We have invested a lot in infrastructure over the years. Our technologies cover satellite, radio, fibre (POP’s in all major cities) and 4G; we will soon launch our SD-WAN services. This uniqueness, coupled with our connection to all major operators, allow us to provide services in any part of the country and also customise solutions to meet our customer’s changing needs. If there is a connectivity gap wherever you are, we can develop a solution for you.
22c, Ligali Ayorinde Street, Victoria Island, Lagos Nigeria. Tel: (+234) 809-990-0100 (+234) 802-313-0945 www.estreamnetworks.net info@estreamnetworks.net
Why is now the time to partner, trade and invest in Nigeria and with Nigerian companies? Nigeria has the largest population in Africa, and with a growth rate of 3.2% per year, there will be about 402 million people in Nigeria by 2050 (with an average age between 18 to 45 years old) that’s a little above the current population of US. This means investors are exposed to a population full of energy, highly mobile, hungry for high tech solutions and good national infrastructure, as well as having the freedom to collaborate and innovate by challenging the status-quo. Investors, have a forex advantage that can tap into these energy and transform talents and natural resources into something useful. Nigeria has a lot of untapped opportunities that can produce an incredible economy.
